Search results for: howard metzenbaum
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant – Universal Life Policy – 3p Life Insurance Disclosure Model Regulation…
Read MoreLOOK
LOOK My staff has conducted a major investigation of these issues. I must say today that I was shocked when I saw its findings. (p1) — Senator Howard Metzenbaum (D-OH) 1979 0524 – GOV (Senate) – Cost Disclosure in Life Insurance, Howard Metzenbaum (D-OH) — [BonkNote] Look-Blumenthal Deposition Look – Kablach Deposition Do you see…
Read More4 – OUTLINE
4 – OUTLINE Purpose of Working Groups IULWG – Mike Yanacheck LIBG – LIIIWG – Schwartzer Turning Points Words and Concepts What category is Universal Life? Dynamic ACLI Actuarial Book Whole Cude Permanent Birnbaum Knowledge – Agent, Consumer, Regulator Performance References ACLI Examples of Policy Summaries – WishList Government When Will… First 35p just…
Read MoreRichard Wicka
Richard Wicka – 2023 – OCI -Wisconsin – Chief Legal Counsel (as of 2023 01) 2023 0109 – OCI – Wisconsin – Press Release – Wisconsin Insurance Commissioner makes leadership appointments – [link] Lauren U. Van Buren has been appointed as Chief Legal Counsel to replace Richard Wicka, who is departing to pursue opportunities in the…
Read MoreSolvency
Solvency Failures Insolvent Insolvencies Surplus Notes Solidity (Solvency) During the early 1990s, however, the solvency problems of the life insurance industry increased, climaxing in the failure in 1991 of several large insurers– Executive Life Insurance Company, First Capital Life Insurance Company (EF Hutton) Fidelity Bankers Life Insurance Company, Monarch Life Insurance Company, and Mutual Benefit…
Read MoreLife Disclosure Working Group – (A) – NAIC
Life Disclosure Working Group – (A) – NAIC The working group’s concern was how to bring about a change without damage to the market place. (p656) 1993-4, NAIC Proceedings – Life Disclosure Working Group – NAIC Google Search – 28 Results 1993-2003 – NAIC Proceedings 1993 0525 – GOV (Senate) – When Will Policyholders Be Given…
Read MoreQ: How Can Universal Life Insurance Be Classified? Permanent / Whole / Term / Other
Q: How Can Universal Life be Classified? Permanent / Whole / Cash Value / Term / Other Why is Universal Life called Permanent or Whole Life? Maybe Universal Life Shouldn’t be Called Permanent or Whole Life How Else Could Universal Life Be Explained? NAIC Drafting Note: Although highly flexible, Universal Life insurance is generally considered…
Read MoreGMF – Guaranteed Maturity Fund
GMF – Guaranteed Maturity Fund The guaranteed maturity fund at any duration is that amount which, together with future guaranteed maturity premiums, will mature the policy based on all policy guarantees at issue. NAIC – Universal Life Insurance Model Regulation (#585): – 22p Shane Chalke ULMR – Universal Life Insurance Model Regulation – MDL-585 –…
Read MoreJames Hunt
James Hunt 1995 – JIR / NAIC – Life Cost Disclosure: Prospects for True Reform, by James H. Hunt – 20p JIR Consumer Federation of America Insurance Commissioner – Vermont? 1982 NAIC Proceedings – UL = WL 199x NAIC Proceedings – LIBG – Call UL Permanent STATEMENT OF JAMES HUNT, FSA, DIRECTOR NATIONAL INSURANCE CONSUMER…
Read MoreJudy Faucett
Judy Faucett Actuary Actuarial Consultant to the NAIC 1991 04 – SOA – Product, Market, and Distribution Strategies, by Judy A. Faucett, The Actuary, Society of Actuaries – 16p Chairperson of the SOA Task Force for Research on life Insurance Sales Illustrations, is Partner at Coopers and Lybrand. 1991-1992 – SOA – Final Report* of the Task…
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