Government Hearings – 2002

  • 2002 0226 – GOV (House) – Retirement Protection: Fighting Fraud in the Sale of Death, Sue W. Kelly (R-NY)
    • [PDF-122p, VIDEO-?]
    • House – Financial Services Committee – Subcommittee on Oversight and Investigations
  • 2002 0522 – GOV (House) – The European Union’s Financial Services Action Plan and its Implications for the American Financial Services Industry
    • [PDF-122p, VIDEO-?]
    • House – Committee on Financial Services
  • Insurance Regulation and Competition for the 21st Century, Michael Oxley (R-OH)
    • [PDF-474p, 0604-VIDEO-CSPAN] – 0611 and 0618 – <WishList. – mp3, mp4> – R
    • 1:16 – Steve Barlett – state retribution
    • Optional Federal Charter
    • 1:37 – Michael Phillipus (RIMS) – States rights premium revenue issues and optional federal charter would spur actions by states
    • House – Committee on Financial Services – Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
    • 0611 – ACLI – Joseph J. Gasper, Chairman, ACLI, President & Chief Operating Officer,Nationwide Financial Services, Inc – 18p
  • 2002 0718 – GOV (Senate) – Perspectives on Improving Corporate Responsibility and Consumer Protections. (CSPAN) Corporate Responsibility, Byron Dorgan (D-ND)
    • [PDF-66p, VIDEO-CSPAN] – <mp3, mp4> – M
    • Senator Howard Metzenbaum
    • Senate – Commerce, Science, and Transportation Subcommittee on Consumer Affairs, Foreign Commerce & Tourism
  • 2002 0731 – GOV (Senate) – Class Action Litigation, Patrick Leahy (D-VT)
    • [PDF-178p, VIDEO-?]
    • p55 – AEGON, Patrick Baird
      • The life insurance industry has experienced over a decade of abusive class actions.
      • In one of the more recent examples of such class action abuses.
      • State courts in New Mexico are certifying nationwide classes of plaintiffs for the manner in which their premiums are disclosed in their policies.
      • These cases are being certified even though State Commissioners of Insurance reviewed and approved these policy disclosures.
      • These class action cases have steadily weakened the very fabric of State regulation of insurance as the State judges’ decisions have had national implications for insurers in other states.
      • The result of nationwide regulation through targeted class action litigation has indirectly usurped the role and authority of the State Commissioners of Insurance.
    • Senate – Committee on the Judiciary
  • 2002 1010 – GOV (House) – The Collapse of Executive Life Insurance Co. and Its Impact on Policyholders, Dan Burton (R-IN)
    • [PDF-277p, VIDEO-?] 
    • House – Committee on Government Reform