John Durkin

  • John Durkin – (D-NH)
    • 1968-1973 – New Hampshire Insurance Commissoner
    • 1975-1980 – US Senator, New Hampshire
  • I think we all would like more cost disclosure, but how do you make everybody in America a life insurance actuary, with two pages of descriptive material? (p2376)

—  Senator John Durkin (D-NH), Former Insurance Commissioner

1980 0207 – Congressional Record – Senators Howard Cannon (D-NV),  Howard Metzenbaum (D-OH),  John Durkin (D-NH), re: FTC, McCarran-Ferguson Act – p2382 – congress.gov/bound-congressional-record/1980/02/07/senate-section

  • I think this committee should announce to the NAIC officers that …. they should come up with a disclosure method, and if they do not come up with a satisfactory method by the end of the June meeting, that this committee will proceed.
    • There is nothing like a strong push to get the NAIC moving.
    • The talent is there, the commissioners and the actuarial staffs of various departments can accomplish it.
  • If Admiral Rickover had waited to solve-all the technical problems we wouldn’t have an atomic submarine yet.
    • So, what we need is a push from outside, because without that push I’m afraid the NAIC will study it for decades.  (p1503)

—  John A. Durkin, New Hampshire Insurance Commissioner

1973 0221 and 0222 – GOV (Senate) – The Life Insurance Industry – Philip Hart (D-MI)  —  [BonkNote-Part 2 of 4]  —  [PDF-733p-GooglePlay] 

  • John DURKIN (D-NH). Mr. President, this issue of whether the Federal Trade Commission should be involved in the regulation of insurance has been around for some time.
    • I ask unanimous consent, Mr. President, that my testimony in April 1971 before the Consumer Subcommittee of the Commerce Committee be printed in the RECORD at this point.
    • There being no objection, the statement was ordered to be printed in the RECoRD, as follows: STATEMENT OF JOHN DURKIN, COMMISSIONER, STATE OF NEW HAMPSHIRE, INSURANCE DEPARTMENT, CONCORD, N.H.; ACCOMPANIED BY JON S. HANSON, EXECUTIVE SECRETARY, NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS

1980 0207 – Congressional Record – Senator Howard Cannon – (D-NV),  Senator Howard Metzenbaum – (D-OH), Senator John Durkin – (D-NH), re: FTC, McCarran-Ferguson Act – p2368

  • (p1501) – John Durkin, New Hampshire Insurance Commissioner: As a starting point, there is little regulation of the life insurance industry by the States.
    • The States do little with respect to life insurance regulations for many reasons, mainly because there are very few problems with complaints over claims.
    • Most of the staffs are involved with complaints relating to automobile insurance and health insurance.
    • Life insurance is sort of the stepchild of many, if not most, insurance departments.

1973 0221 and 0222 – GOV (Senate) – The Life Insurance Industry – Philip Hart (D-MI)  —  [BonkNote-Part 2 of 4]  —  [PDF-733p-GooglePlay] 

  • (p1503) – John Durkin, New Hampshire Insurance Commissioner: The free look should be at least 3 days, or even 10 days, but there should be a cooling off period of at least 3 days.

1973 0221 and 0222 – GOV (Senate) – The Life Insurance Industry – Philip Hart (D-MI)  —  [BonkNote-Part 2 of 4]  —  [PDF-733p-GooglePlay]