Bob Wright

  • ?-Years-? - Virginia Insurance Commission
  • Chair of the LDWG - Life Disclosure Working Group - (A) - NAIC  ---  [BonkNote] 
  • Bob Wright (Virginia) said the Society of Actuaries report referred to the fact that companies said they had no control over what agents did.
  • Chair of the LDWG - Life Disclosure Working Group - (A) - NAIC  ---  [BonkNote] 

1994-4, NAIC Proceedings

⇒  1991-1992 - SOA - Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries  ---  [BonkNote]  ---  142p

  • 2. Standardized Assumptions
  • Tony Higgins (N.C.) asked the working group to consider projections into the future for only a few years of the non-guaranteed elements, and then projections further into the future of standardized assumptions or guarantees.
  • Bob Wright said this allows a company to show how its policy works without the problem of projections of non-guaranteed elements far into the future.
  • Lester Dunlap (La.) also expressed interest in the idea of standardized assumptions to show how the policy works.
    • He said projections far into the future can border on misrepresentation.

1994-3, NAIC Proc. 

  • John Montgomery [California] asked how companies would control brokers who were selling insurance.

1994-3, NAIC Proceedings

  • Bob Wright said the Society of Actuaries report referred to the fact that companies said they had no control over what agents did.
    • [Bonk: Bob Wright = Chair of the LDWG - Life Disclosure Working Group - (A) - NAIC  ---  [BonkNote]]

1994-4, NAIC Proceedings

1991-1992 - SOA - Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries  ---  [BonkNote]  ---  142p