Words – Page 24 – [BonkNote]

Plan of Insurance “Plan of Insurance” vs Specific Policy [Plan of Insurance] 2019 0903 – 2019-3, NAIC Life Insurance Illustration Issues (A) Working Group (LIIIWG) – Conference Call Michael Lovendusky, ACLI … said assisting consumers to compare products is outside the scope of the Working Group’s charge, and it would limit innovation and harm consumers.…

Tools Actuarial Tables Annual Report Annual Statement Commutation CSO Fred – Federal Reserve Economic Data Illustration / in-force Illustration Policy Overview / Cover page / Narrative Numeric Summary MCAS – Market Conduct Annual Statement – NAIC Ratebook R Ratio Linton Yield Yield Index Mortality Rates Valuation Manual – NAIC 1888 – Book – Life Insurance…

System Systemic Risk It is hard to fix a system that has not been analyzed. (p14) — J. Robert Hunter (Director of Insurance, Consumer Federation of America) 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – [PDF-127p, First, for the period 1930 through 1970, the roles taken by various financial…

Puffery Puffery Bluffing Forward Looking Statements 2011 – AP – Bluffing in Insurance Sales: A Pakistani Perspective. by Hina Butt. Master’s Thesis in Applied Ethics, Linköpings Universitet – 45p See State Farm Fire & Cas. Co. v. Slade, 747 So. 2d 293, 322-23 (Ala. 1999) (holding that insurance agent’s statements that the purchased insurance policy was “the…

Inside Buildup These two meetings, plus the announced intention of some members of Congress and the Treasury Department to consider taxing the inside buildup of cash values, adds a note of uncertainty to our discussion today. — Paul J. Overberg 1983 – SOA – Individual Life Insurance, Society of Actuaries – 22p JULY 19, 1985 Impact of…

Marketing …a great deal of our problem is caused because the people out there marketing our life insurance products are trying to market it against and like mutual funds. Until we start to market it as life insurance and describe it and teach the consumers about life insurance, they’re not in any position to make…

Solvency Failures Insolvent Insolvencies Surplus Notes Solidity (Solvency) During the early 1990s, however, the solvency problems of the life insurance industry increased, climaxing in the failure in 1991 of several large insurers– Executive Life Insurance Company, First Capital Life Insurance Company (EF Hutton) Fidelity Bankers Life Insurance Company, Monarch Life Insurance Company, and Mutual Benefit…

Regulation 187 Regulation 187 “Best Interest” Suitability A Changing Mosaic in SEC Regulation and Enforcement: BrokerDealers and Investment Advisers https://scholarship.law.uc.edu/cgi/viewcontent.cgi?article=1221&context=uclr The Fragmented Regulation of Investment Advice: A Call for Harmonization https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1017&context=mbelr THOMAS V. METROPOLITAN LIFE INSURANCE CO.: SEMANTICS, FIDUCIARY DUTY, AND AN OUTDATED DISTINCTION https://www.law.du.edu/documents/denver-university-law-review/v89-2/LILES_TO_DARBY.pdf SELLING ADVICE AND CREATING EXPECTATIONS: WHY BROKERS SHOULD BE FIDUCIARIES…

Suitability There should be suitability rules in place, particularly for cash value life insurance policies to assure that sales of proper products are made. (p14) — J. Robert Hunter 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – [PDF-123p, VIDEO-?] 2000 – NAIC – Suitability of sales of life insurance and…

Securities Regulation NASAA / NAIC Joint Committee Fundamentals of Securities Regulation – Book