Search results for: howard metzenbaum
Q: Does the NAIC Get Anything Done Without Pressure From Congress?
Q: Does the NAIC get anything done without pressure from Congress? The whole process started in the NAIC, as it had to. If radical changes in the way we illustrate policies were going to be made, they had to start at the NAIC. The NAIC was only too well aware of the fact that sales…
Read MoreWorks
Works Policy Mechanics / Cash flow Starters – Policy Cash Flow Mechanics Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article The fact that we charge people fees that we have disclosed…
Read MoreLife Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC
Life Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC Life Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC Proceedings – Citations — [BonkNote] George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) Obviously, this isn’t the first time the industry and the regulators have become involved…
Read MoreProblems
Problems Problems – Index Solutions Problems – 1 Robert E Wilcox Change Without Damage The number one perceived problem is that buyers simply do not understand the nonguaranteed nature of life insurance illustrations. Also, it is impossible for the average buyer to judge the reasonableness of the assumptions underlying the numbers in the illustration. — …
Read More1990s – Government Hearings – Snippets
1990s – Government Hearings – Snippets 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance? We are seeing a real crisis in confidence: – That, in my mind, is probably the worst thing that could happen. – There is not a company in the country that can stand…
Read MoreNYT – New York Times
NYT – New York Times nytimes.com timesmachine.nytimes.com/browser nytimes.com/sitemap/ archive.nytimes.com/www.nytimes.com/indexes/2006/08/04/todayspaper/index.html nytimes.com/issue/todayspaper/2022/06/24/todays-new-york-times Diana Henriques – NYT – New York Times Mid-2000s – Life Insurance Sales to Military Personnel, Senate Hearings (Shelby) Gretchen Morgenson – NYT – New York Times Ellen Pollock – NYT – New York Times 2002 0227 – Booknotes – The Pretender: Martin Frankel, by Ellen Polluck…
Read More1990s – Agent – Snippets
1990s – Agent – Snippets (p117) – If the life insurance industry were serious about offering competitively priced policies to consumers, it would ask itself why total life insurance premium receipts of all U.S. companies in 1990 is less than the sum of new premium purchases over the last 9 years. Why does it appear…
Read MoreBills
Bills Bills – Index History of Bills Consolidated Appropriations Act 2021 McCarran-Ferguson TEFRA TEFRA – DEFRA – TAMRA govinfo.gov/app/collection/bills govinfo.gov/help/bills NIA – National Insurance Act S. 2509 – National Insurance Act by Senators John Sununu and Tim Johnson S. 40, the National Insurance Act cxcv The National Insurance Act of 2007 (S. 40/H.R. 3200) Both…
Read MoreSociety of FSP
SFSP – Society of Financial Service Professionals JFSP – Journal of Financial Service Professionals (Current) The Journal of the American Society of Chartered Life Underwriters Journal of the American Society of CLU & ChFC Journal page of the website: national.societyoffsp.org/page/aboutjfsp Search the Journal: national.societyoffsp.org/search/all.asp In addition, the insurance buyer can learn more about how the…
Read MoreGovernment Hearings – 2002
Government Hearings – 2002 2002 0226 – GOV (House) – Retirement Protection: Fighting Fraud in the Sale of Death, Sue W. Kelly (R-NY) [PDF-122p, VIDEO-?] House – Financial Services Committee – Subcommittee on Oversight and Investigations 2002 0522 – GOV (House) – The European Union’s Financial Services Action Plan and its Implications for the American Financial…
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