John Montgomery

  • Regulator/Actuary - California
  • John Montgomery commented on the flexible premium universal life policy and the fact that it is not really a whole life policy, but a term policy until the premium is actually paid.
    • [Bonk: John Montgomery = Regulator/Actuary - California]

1988-2, NAIC Proc.

  • Bob Wright [VA] asked the California Department attendees to provide more information on the ledger illustration bill they had developed.
    • Harold Phillips (Calif.) reported that they had developed the draft after identifying problems and trying to fashion remedies.
    • He said they had received more than 20 comments, mostly favorable.
    • Bob Wright [VA] suggested that the California proposal was a good beginning, and would provoke people to think and to discuss the issues.
    • Roger Strauss (Iowa) asked if the legislation had passed in California, and Mr. Phillips explained that this was just a discussion document and had not been submitted to the legislature.
    • John Montgomery (Calif.) said the decision had been made to postpone the introduction and wait to see what the NAIC would do.

1993-3, NAIC Proceedings