NAIC - WishList

  • 1982 - New Jersey - Universal/Flexible Factor: life insurance informational hearing.
    • Department of Insurance, New Jersey. Department of Banking & Insurance
    • [Bonk: the NAIC has it in their Database, but it is currently unavailable for viewing (as of 2023)]
  • A: William Hager -  Surveys would be to determine — lets take a regulatory survey.
    • Through a regulatory survey, we could efficiently determine and get a read through the regulators in all 50 states as to whether a particular matter, particular issue was in fact a nationwide issue that merited national attention or in fact whether it was a localized issue.
  • Q. So when you say an issue, could an example of an issue be the types Of disclosures that are being made in illustrations?
  • A. Yes.
  • Q. Was that in fact one of the issues that was reviewed?
  • A. Yes. In fact, while was insurance commissioner, I oversaw a survey to that effect.
  • Q. As chair of the life insurance product development task force, you led the development of model disclosure statements for....

2003 - LC - Fay v Aetna - William Hager - Excerpt - Deposition - Doc 65 - 2p

⇒  <WishList - Complete Deposition>

⇒  <WishList - Hagers Survey from his time as an Insurance Commissioner>

  • <WishList> - 1997 - NAIC - An Overview of the State Insurance Receivership System, 27 Brief 12, 13 (Fall, 1997), Francine L. Semaya & Lenore S. Marema
    • 2016 0822 - 16-5086 - NAIC - D1631439 - Brief of Amicus Curiae the National Association of Insurance Commissioners in Support of Plaintiff Appellee [MetLife] - MetLife v FSOC - 40p
  • <WishList> - 2004 - NAIC - Military life insurance sales regulatory response options, Market Regulation & Consumer Affairs (D) Committee, Market Analysis Working Group, HG 8861 N38  
  • (p116) - Orin Kramer (KramerAssociates, Information Institute) - In December 1990, just 4 months before Executive Life failed, NAIC issued a statement that Executive Life was and I quote, "in no imminent financial danger.”

[PDF-369p-GooglePlay,

⇒  <NAIC - WishList> - NAIC issued a statement that Executive Life was and I quote, "in no imminent financial danger.”

  • <Also Referenced in:
    • 1991-1A, NAIC Proceedings (p16)
    • 10. Special Report on Executive Life Companies
      • Jim Schacht delivered a special report on the Executive Life Companies.
      • He reported that since January 1990 a special committee has been addressing the situation with regard to Executive Life Insurance Companies.
      • It was noted that the financial evidence reveals that the company is in no imminent financial danger but that precipitous action by any state could create serious problems.
      • After much discussion a resolution that recommends that no state take precipitous action and urges all states to continue to cooperate was drafted and unanimously adopted.
  • 2010 - <WishList> - See Public Hearing on Insurance Contract Readability Standards Before the NAIC Consumer Connections Working Group for the Public Hearing on Insurance Contract Readability Standards (Mar. 2010) (testimony of Brenda Cude, Prof. of Hous. & Consumer Econ., Univ. of Ga.) (on file with author).
    • 2014 - LR - Transparently Opaque: Understanding the Lack of Transparency in Insurance Consumer Protection, 61 UCLA Law Review 394, Daniel Schwarcz - 69p
  • 2008 0918 - NAIC - Press Release - The NAIC’s press release responding to critics of state-based regulation, titled “AIG: Conversation Should Stay Focused on the Facts” (Sept. 18, 2008) -<WishList>
    • 2008 0926 - CEI - Facts About the AIG Collapse: A Response to the NAIC: An Optional Federal Charter Might Have Impacted AIG’s Situation,Eli Lehrer - 3p
  • 1990-2, NAIC Proceedings - Troubled Company Working Group of the Examination Oversight (EX4) Task Force
    • Chair - Norman Koefoed, Chair (Ill);
    • (p ) - The Chair notified the task force that a Non-Investment Bonds Working Group had been appointed to review companies with large holdings in non-investment grade bonds.
      • The group had met three times since being organized.
      • The initial concern has been with Executive Life Insurance Company of California.
      • <WishList-x2> - The group has received reports from both an independent actuarial firm and the company and is monitoring the situation.
      • The chair advised that no precipitous action should be necessary against the company.
      • In addition, the group has provided the California Department with a list of recommendations regarding needed information from the company.
      • The chair stated that information provided to the group indicates the company to be in a very liquid position, with surrenders declining as compared to January and February of this year.
      • Mr. Montgomery stated that the Actuarial Valuation Report from Milliman and Robertson should be completed by week end and copies would be available to states from the actuarial firm. - <Wishlist>
  • 1973 Vol. I  - "The Subcommittee heard an interim report from the Price Illustrations Task Force.
    • The report was widely distributed prior to the meeting.
    • Some discussion ensued and a specific presentation was made to the entire Subcommittee by Mr. Robert Seiler.
    • The written document was distributed to the Subcommittee members, but it was decided not to attach the document to the Task Force report.
  • 1973 Interim Version of the NAIC Life Insurance Buyer's Guide
  • 1982 - Universal/Flexible Factor: life insurance informational hearing. New Jersey. Department of Insurance New Jersey. Department of Banking & Insurance - KF 1986 U55 
  • The 1983 Life Insurance Buyer's Guide prepared by the National Association of Insurance Commissioners - "no Official copy exists"
  • 1983 - Universal life insurance regulation workbook National Association of Insurance Commissioners NAIC. (A5) Task Force Industry Advisory Committee - HG 8823 N38 A5 - NAIC CIPR Library
  • 1983-2 NAIC Proc.
    • Mr. Jackson distributed copies of the article "A Regulator's View of Universal Life," by John 0. Montgomery, F.S.A., M.A.A.A., and also a working draft of the Universal Life Insurance Model Regulation, which contained Definitions, Valuation and Non-Forfeiture sections (Attachment Two-A1).
    • Ms. McGrath distributed the New York "Guidelines for Submission and Approval of 'Universal Life' and Other Life Policies" published March 16, 1983.