Search results for: howard metzenbaum
Churning
Churning Replacements Twisting Churning will be high as comparisons of recent performance and illustrations will “prove” the necessity for a switching. — Dale R. Gustafson, Northwestern Mutual …asks why the really hard questions about the product aren’t reflected in the articles we printed. His nominees for the hard questions are: 1981 11 – SOA – The Actuary,…
Read MoreGovernment Hearings – 1997
Government Hearings – 1997 1997 – GOV – Financial Services Modernization 1997 0522 – GOV (House) – Financial Services Restructuring [PDFs – WishList] – Part 1 – VIDEO-CSPAN Part 2 – VIDEO-CSPAN House – Banking and Financial Services Committee 1997 0724 – GOV (Senate) – Securities Litigation Abuses, Phil Gramm (R-TX) (p1) – Phil Gramm…
Read MoreGovernment Hearings – 1993
Government Hearings – 1993 1993 0422 and 0428 – GOV (House) – Federal Insurance Solvency: H.R. 1290 – A Bill to Ensure the Financial Soundness and Solvency of Insurers, and for Other Purposes [PDF-643p-GooglePlay, VIDEO-?] House – Committee on Energy and Commerce – Subcommittee on Commerce, Consumer Protection, and Competitiveness 1993 0519 and 0609 -…
Read MoreGovernment Hearings – 1992
Government Hearings – 1992 1992 0129 – GOV (House) – Insurance Rating Companies, Cardiss Collins (D-IL) [PDF-205p-GooglePlay] >Fred Carr, Executive Life (p1) – Cardiss Collins, Chair (D-IL) – Today’s hearing will examine the role of insurance rating companies. As consumers become increasingly concerned about the solvency and financial stability of their insurance companies, the rating companies…
Read MoreGovernment Hearings – 1991
Government Hearings – 1991 1991 0716 – GOV (House) -<WishList> California – Richard D. Baum, Chief Deputy Insurance Commissioner House – Committee on Education and Labor – Subcommittee on Labor-Management Relations RTC: In the Midst of America’s Real Estate Crisis, Hearing before the Resolution Trust Corporation Task Force of the Subcommittee on Financial Institutions Supervision,…
Read MoreGovernment Hearings – 1990
Government Hearings – 1990 1990 0321 and 0322 – GOV (House) – International Competitiveness of U.S. Financial Institutions, John J. LaFalce (D-NY) [PDF-105p-GooglePlay, VIDEO-?} House – Committee on Banking, Finance, and Urban Affairs – Subcommittee on Financial Institutions Supervision, Regulation and Insurance, Task Force on the International Competitiveness of U.S. Financial Institutions 1990 0406 -…
Read MoreLineUP – Actuaries
LineUP – Actuaries Shane Chalke Donna Claire 2023 0601 – NAIC – Life Actuarial (A) Task Force Arnold Dicke Judy Faucett Linda M. Lankowski 2023 0601 – NAIC – Life Actuarial (A) Task Force 1995 – SOA – Practical Illustrations and Nonforfeiture Values, Society of Actuaries – 14p Linda M. Lankowski: I think any way that we…
Read MoreLineUp – People
LineUp – Congress senate.gov/senators/index.htm house.gov/representatives Alabama Senate Richard Shelby (R) – (1986-Current) House Former Spencer Bachus (R) – (1993 to 2015) California House Garamendi (D) – (2009-Current), Armed Services, Transportation and Infrastructure – Former Insurance Commissioner (1991-1995 and 2003-2007) (Executive Life) Brad Sherman (D) – (1997-Current), Financial Services, Foreign Affairs, Science, Space, and Technology Darrell…
Read MoreAs long as you pay the premium
As long as you pay the premium…. Coverage Period Coverage Period – Examples Let’s review the basic mechanics of Universal Life. The policy does not lapse if a premium is not paid; rather, it lapses if the fund balance becomes too small to pay the next month’s cost of insurance. — Ben H. Mitchell, [Bonk:…
Read MoreSouth Carolina
South Carolina It is not clear whether deliberate misrepresentations are made in the sale of these policies, or whether consumers need to be better educated about the product they are purchasing. In any event, the hearing this morning will serve to educate us about these issues, and to raise public awareness so that consumers themselves…
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