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

  • John Montgomery [California] asked how companies would control brokers who were selling insurance.

1994-3, NAIC Proceedings

  • Bob Wright said the Society of Actuaries report referred to the fact that companies said they had no control over what agents did.
    • [Bonk: Bob Wright = Chair of the LDWG – Life Disclosure Working Group – (A) – NAIC  —  [BonkNote]]

1994-4, NAIC Proceedings

1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries  —  [BonkNote]  —  142p