Ferguson v. Crown Life / Casteel – 91-11537 Crown Life v. Casteel – 98-0218 Case No. D-1-GN-91-011537  Two weeks ago in the National Underwriter, there was a report of the working group’s meeting in Philadelphia, and on the same page was a writeup about an agent who had won a very large amount of money from…

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Principal – Agent Crown Life v Casteel 2023 – FSRA – Consultation www2.imms.com/members/3rdparty/AmerCol/legalbook/chap16c.htm [Principal-Agent] The rule in this Commonwealth has long been that “where limitations on the soliciting agent’s authority are contained in the application, the insured is bound to take notice thereof and he cannot hold the company bound for acts of the agent…

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Can’t Say – Examples A major problem that must be overcome with such monitoring systems is that of avoiding the self-fulfilling prophecy. A monitoring system that identifies high-risk behavior can actually trigger the bad luck required to actually send a company under. For instance, a system that identifies a life insurer as having high potential…

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Sierra Life Insurance Company 1976 0822 – Times-New (Twin Falls, Idaho) – Sierra Head Involved in Jewel Deal, by Bill Lazarus – archive.org/details/The_Times_News_Idaho_Newspaper_1976_08_22 1978 0122 – Time-News (Twin Falls, Idaho) – Actuary Challenges Growth Claim, by Bonnie Baird Jones – p1 – 70p 1978 0406 – NYT – $1.9 Million Payment Ordered in Libel Case -…

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Libel 1978 0406 – NYT – $1.9 Million Payment Ordered in Libel Case, Sierra Life Insurance Co. – [link] A judge has ordered The Twin Falls Times News to pay $1.9 million in libel damages after it refused to disclose its sources for articles that an insurance company said ruined its business.

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Defective Defective – Lapse Prone – Walker v LSW Crown Life – D012 – defects 1994 0219 – Greensboro – Be Alert for Defects in Cash-Value Insurance, by Jane Bryant Quinn – [link] Crown Life, Jerry Keating, John Hancock

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Matt Taibbi c-span.org/person/?1011360/MattTaibbi rollingstone.com/author/matt-taibbi/ 2009 0821 – Rolling Stones – Ladies and Gentlemen, AIG’s New Chief!, by Matt Taibbi – [link] 2010 – Book – Griftopia, by Matt Taibbi – [BonkNote]

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Elements In my experience very smart people don’t really know what all the components mean.  I mean I feel like it does lead to confusion.  So, I think if you can refer to the eventual illustration and just show the cash value. — Teresa Winer (GA) 2019 0917, NAIC – LIIIWG – Life Insurance Illustrations Working Group,…

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Q: What is the NAIC? Trade Group or Standard-Setter? 2011 1219 – ThinkAdvisor – Is the NAIC a Trade Group or Official Standard-Setter?, By Elizabeth Festa & Arthur D. Postal – [link] The National Association of Insurance Commissioners Tuesday plans to announce an initiative to brand itself as a “standard-setting organization” rather than a trade group–a…

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