NAIC – Walker v. LSW – Life Insurance Company of the Southwest

  • (p29-30) – Dr. Patrick Brockett
    • Q When you were offering that statement, you don’t actually know what the NAIC regulations require or preclude in terms of what could be disclosed; do you?
    • MR. BROSNAHAN: Objection, Your Honor, as to what the NAIC —
    • THE COURT: Overruled. 
    • THE WITNESS: I don’t know what the NAIC says in …

2014 0415 – DOC 808 – Trial Transcript – Walker v LSW – 229p

  • (p97-98) – Matthew DeSantos – LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) – DOC 792 p27
    • A Sure. The National Association of Insurance Commissioners created a model regulation designed to ensure that customers are not misled.
    • Q Then can you read the next slide. We will pull it up here.
    • A But life insurance illustrations are complex and still need further explanation.
    • A sound understanding of illustrations and how they are constructed is important in every sale.
    • Q Is this training material designed to provide that sound understanding?
    • A Yes.

2014 0423 – DOC 812 – Trial Transcript – Day 10 – Walker v LSW – 194p