1990s – NAIC – Insurance Regulators – Snippets 1991 0717 – NAIC Testimony – Terence Lennon, New York Department of Insurance – 17p (p4) – Individual Products The most important feature of the new individual products was the unbundling or separation of the fund accumulation from the mortality function. In this way the consumer could be shown his…

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1980s – Congress – Snippets 1980 0207 – Congressional Record – Senators Howard Cannon (D-NV),  Howard Metzenbaum (D-OH),  John Durkin (D-NH), re: FTC, McCarran-Ferguson Act – p2382 – congress.gov/bound-congressional-record/1980/02/07/senate-section (p2367-2368) – Senator Howard Cannon (D-NV) – Mr. President, at the time of the markup in the Senate Commerce Committee on the FTC bill, I held the…

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Jerry Keating Jerry Keating, Agent – John Hancock 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH)  —  [BonkNote] 1994 0206 – Newsweek – Here They Go Again, by Jane Bryant Quinn – [link] This statement is only the tip of the problem. There are hundred…

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Chuck Grassley Chuck Grassley (R-IA) 1959–1975 – IA House Member 1981-Current (as of 2023) – US Senator (p4) – Statement of Hon. Charles E. Grassley, A U.S. Senator From The State of Iowa I share Senator Metzenbaum’s desire to ensure that insurance consumers have a thorough understanding of the obligations and performances that they can…

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1997 1030 – GOV (Senate) – Class Action Lawsuits: Examining Victim Compensation and Attorneys’ Fees, Charles Grassley (R-IA) 1997 1030 – GOV (Senate) – Class Action Lawsuits: Examining Victim Compensation and Attorneys’ Fees, Charles Grassley (R-IA)  —  [BonkNote] [PDF-97p-GooglePlay] Senate – Committee On The Judiciary – Subcommittee On Administrative Oversight And The Courts (p59) -…

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1990s – ACLI – Snippets I’m going to discuss what Norm referred to as consumer disclosure forms. To date, no state has adopted these forms. Why this complete lack of action after all the effort in developing the forms? One possible reason is that, during the early part of the year, state insurance departments are…

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Orrin Hatch Orrin Hatch – (R-UT) 1977-2019 – US Senator 1992 0428 / 0505 – GOV (Senate) – Insurance Guaranty Funds and the Involuntary Transfer of Insurance Policies, (CSPAN) Insurance Policy Transfers – Howard Metzenbaum (D-OH)  —  [BonkNote] 1995 0404 and 0726 – GOV (Senate) – Punitive Damages: Tort Reform and FDA Defenses, Orrin Hatch (R-UT) -…

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Linda Lankowski 2023 0601 – NAIC – Life Actuarial (A) Task Force Attendees – Donna Claire, Linda Lankowski 2023 – AAA – Life Perspectives, Winter/Spring 2023, American Academy of Actuaries – [link] Donna Claire – Chair – Life Experience Committee Linda  Lankowski – Chair – PBR Implementation Work Group  Dave Sandberg – gave a life perspective…

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Marty Leary 1991 0810 –  Opportunities and Remedies for U.S. Finance – [VIDEO-CSPAN]  8:00 – Marty Leary, Economist Southern Finance Project – Guaranty Funds 1992 0428 / 0505 – GOV (Senate) – Insurance Guaranty Funds and the Involuntary Transfer of Insurance Policies, (CSPAN) Insurance Policy Transfers – Howard Metzenbaum (D-OH)  —  [BonkNote]  Panel 2 – Marty Leary, Southern…

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ASB – Actuarial Standards Board – Snippets Jack Turnquist, ASB, Actuarial Standards Board said his organization had held a public hearing in March because of concern about abuses in illustrations and concerns about how non-guaranteed elements were being illustrated. The Actuarial Standards Board had considered development of standards, but he felt that it would be…

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