Thao v. Midland National – 09-cv-1158 

Thao v. Midland National – 09-cv-1158

• 2009 – LC – Thao v. Midland National  —  [BonkNote]
  • 2:2009cv01158
  • Wisconsin Eastern District Court
  • 12/18/2009 – 01/09/2013

• Docket – Pacer
  • 1 – 2009 1218 – LC – Thao v. Midland National – Document 1 – Complaint – 09-C-1158 – 38p
  • 8 – LC – Thao v. Midland National – Document 8 – DEFENDANT’S ANSWER AND AFFIRMATIVE DEFENSES TO PLAINTIFF’S CLASS ACTION COMPLAINT – 
  • 22 – 
  • 66-1 – 2012 0313 – LC – Thao v. Midland National – Document 66-1 – Deposition of Robert E. Wilcox – 09-C-1158 – 9p
    • Former Utah Insurance Commissioner and Chairman of the LDWG – Life Disclosure Working Group – (A) – NAIC
  • 34 –2011 0211 – LC – Thao v. Midland National – Document 34 – Declaration of Robert E. Wilcox in Opposition to Plaintiff’s Motion For Class Certification – 09-cv-1158 – 44p
    • Former Utah Insurance Commissioner and Chairman of the LDWG – Life Disclosure Working Group – (A) – NAIC

• p6 – A. The Black Box of Life Insurance
  • 6. Life insurance contracts are circular, interrelated series of cash flows into, out of, and within a policy.
  • There are innumerable ways to establish these cash flows…
• p7 – B. Basic Structure and Operation of Life Insurance Contracts

—  Declaration of Robert E. Wilcox in Opposition to Plaintiff’s Motion for Class Certification — Former Utah Insurance Commissioner and Chairman of the LDWG – Life Disclosure Working Group – (A) – NAIC

2011 0211 – LC – Thao v. Midland National – Document 34 – Declaration of Robert E. Wilcox in Opposition to Plaintiff’s Motion For Class Certification – 09-cv-1158 – 44p

• Q. Do you recall the vanishing premium litigation?
• A (Wilcox): Very well.
• Q. Would you agree that the sales practices that were used in the vanishing premium — in selling those policies was problematic?
• MR. HIGGINS: Objection. Vague.
• THE WITNESS (Wilcox): In a limited number of cases, that was true. But again, that’s a different question than you asked before.
  • Problematic is not the same as unlawful.
• MR. PAUL: Q. Do you not believe that the sales practices used — that were at issue in the vanishing premium issue were unlawful?
• …..
• THE WITNESS (Wilcox): There may have been a few instances where it was unlawful. In general, it was not.

—  Deposition of Robert E. Wilcox, Former Utah Insurance Commissioner and Chairman of the Life Disclosure Working Group (NAIC)

66-1 –2012 0313 – LC – Thao v. Midland National – Document 66-1 -Deposition of Robert E. Wilcox – 09-C-1158 – 9p

• media.ca7.uscourts.gov/sound/2013/sp.13-1272.13-1272_11_12_2013.mp3

2013-Thao-v-Midland-14

2013-Thao-v-Midland-17