Mark Dorfman

The reader might assume that the subject of life insurance is neither very controversial nor interesting.

  • Such a conclusion would be in great error.

1982 - Book - Introduction to Life Insurance, by Mark Dorfman

  • Life Insurance Costs and Comparisons, Dorfman and Adelson - 40p
  • 1971 - AP - The Product Performance of the Life Insurance Industry: Revisited, by Mark S. Dorfman - 14p
    • The Journal of Risk and Insurance, Vol. 38, No. 4 (Dec., 1971), pp. 613-626, Published by: American Risk and Insurance Association, Stable URL: http://www.jstor.org/stable/251574
  • 1972 - AP - Dorfman, Mark S. “Workable Product Competition in the Life Insurance Market”. Journal of Risk and Insurance 39 (December 1972): 613-625.
  • 1973 / 1974 - GOV (Senate) - The Life Insurance Industry - Philip Hart (D-MI)  ---  [BonkNote-Part 2 of 4]
    • 1973 0221 and 0222 - Part 2 of 4 - [PDF-733p-GooglePlay]
      • p1237-? - Oral Statement - Dorfman, Mark S., Miami University (Ohio); accompanied by James Renard, former insurance agent 
      • p1294 - Excerpt from Journal of Risk and Insurance entitled "Workable Product Competition in the Life Insurance Market," by Mark Dorfman 
      • p1307 - Excerpt from Journal of Risk and Insurance entitled "The Product Performance of the Life Insurance Industry: Revisited," by Mark Dorfman
  • 2004 - JIR / NAIC - Modernizing U.S. Insurance Regulation: What Can Be Learned From The European Union?, by Robert W. Cooper and Mark S. Dorfman - 32p
  • Thirty-one years ago, Mark S. Dorfman (1972) concluded that workable competition did not exist in the market for life insurance products because of industry marketing practices that tended to exacerbate the insurance consumer’s ignorance and the problem of information asymmetry inherent in the industry.
    • Utterances by both industry representatives and industry critics suggest Dorfman’s assessment may still linger today.

2004 - LR - Workable Competition and the Life Insurance Market: A Quantitative Analysis - 12p

  • (p3) - If the consumer correctly perceives insurance as a protective device as it
    truly is rather than as an investment tool, the decision to buy the more expensive permanent life would be negatively related to the premium
  • Dorfman, Mark S. “Workable Product Life Competition in the Life Insurance
    Market”. Journal of Risk and Insurance 39 (December 1972): 613-625.