Government Hearings – 1970s 1975 1103 and 1117 – GOV (Senate) – Price Disclosure Act Senate – Committee on Commerce – Subcommittee for Consumers of the , United States Senate, Ninety-fourth Congress, First Session, on S. 997 AFL-CIO Consumer Fuel Disclosure Act of 1975: Hearing Before the Subcommittee for Consumers of the Committee on Commerce,…

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Surplus Notes 1989 – SOA – Securitization of Assets, Society of Actuaries – 10p 1995 – SOA – Survival Strategies for Mutuals, Society of Actuaries – 14p 2015 – Book – The Insurance Forum: A Memoir, contains a chapter (Chapter 25) devoted to the subject of surplus notes.,  by Joseph Belth – 11p 2016 0710 – IAIS – Risk-based Global…

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Fatally Flawed This deficiency led one NAIC group to conclude that the system of relative cost disclosure was “fatally flawed and seriously defective.” 1995 – JIR / NAIC – Symposium on the Regulation of Life Cost Disclosure and Market Conduct, by Tom Foley and Carolyn Johnson – 48p First to comment was Sen. Howard Metzenbaum…

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Joseph Belth josephmbelth.com/ theinsuranceforum.com/ search.worldcat.org/search?q=au=%22Belth%2C%20Joseph%20M.%22 – LC – Belth v. North Carolina Insurance Department A.L. Williams, The Insurance Forum Newsletter – LC – Belth v. New York State Department of Insurance 733 NYS2d 833 FOIA / FOIL 2004 0616 – Schiff’s Insurance Observer – Insurance Regulator Sucks up to Big Insurers: Makes Public Data Secret,…

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Q: Why didn’t the ACLI / NALU / NAIFA Show Up? We invited some members of the Advisory Committee to testify today, too. We asked the National Association of Life Underwriters <NALU – Currently NAIFA> representing over 140,000 life insurance agents to send the chairman of its Illustration Task Force. We invited the American Society…

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Dots – Illustrations Research 1991 – SOA – Illustrations, Society of Actuaries  —  [BonkNote]  —  20p, JUDY FAUCETT: We’re going to discuss the preliminary report of the Task Force for Research on Life Insurance Sales Illustrations. 1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries – 142p Appendix II…

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Promises At the 1986 Annual Meeting of the American Council of Life Insurance ACLI Chairman John Pearson stated: Our products must do what we say they do. Our companies must fulfill their promises. All the words in the world – the best government relations, the best public relations-will not be enough without performance.  (p2) 1987 01…

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Agents – Consumer Interaction Sad to say there are large numbers of producers – including big earners – who are screwing the insurance buying public through their own ignorance.  (p161) —  Arthur Shievitz, Letter  1991 0613 – GOV (House) – Insurance Competitive Competitive Pricing Act of 1991 – [PDF-237p-GooglePlay,  Larry Gorski of the Illinois department…

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Agent – Training Agent Training – Walker v LSW Focus on professional sales training. Insurance carriers have not focused on training for years, Weber said, and there is a whole generation that does not know how to sell professionally. [Bonk: Weber = Richard Weber] 2012 1116 – ThinkAdvisor – 11 ways to sell IUL more ethically, By…

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MassMutual Haven Life – MassMutual (p21) – Senator Howard Metzenbaum (D-OH):  At a recent meeting of underwriters, Thomas Wheeler, a chief executive officer of Massachusetts Mutual, said in the last decade:  “Some companies encourage churning”, meaning rolling over whole life business into universal life. Not only did these companies swap high-margin products for low-margin ones, they often…

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