Hearing Before Subcommittee No. 4 of the Committee on the District of Columbia, House of Representatives, on H. R. 10684, 10921, and 10964, Relating to the Life Insurance Act of the District of Columbia: Thursday, March 17, 1960U.S. Government Printing Office, 1960 - 46 pagini Considers H.R. 10684, H.R. 10921, and H.R. 10964, to amend Life Insurance Act for D.C. to revise law governing life insurance requirements in D.C. |
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Pagina 6
... tion is a possibility - a good possibility - and , since it is such , our experience has taught us it is a hazard against which we must attempt to protect ourselves . I think it would be proper at this point for me to explain briefly ...
... tion is a possibility - a good possibility - and , since it is such , our experience has taught us it is a hazard against which we must attempt to protect ourselves . I think it would be proper at this point for me to explain briefly ...
Pagina 8
... tion on that subject and receives the necessary certificate from the commis- sioner . ( c ) Any contract for a variable annuity shall contain a statement of the essential features of the procedure to be followed by the company in deter ...
... tion on that subject and receives the necessary certificate from the commis- sioner . ( c ) Any contract for a variable annuity shall contain a statement of the essential features of the procedure to be followed by the company in deter ...
Pagina 12
... tion of the bill . It would be very helpful to me , and I know it would be to our chairman too . Mr. MARSH . All right , sir . The variable annuity is a contract which provides for payments over the lifetime of a person or persons where ...
... tion of the bill . It would be very helpful to me , and I know it would be to our chairman too . Mr. MARSH . All right , sir . The variable annuity is a contract which provides for payments over the lifetime of a person or persons where ...
Pagina 13
... tion of any insurance company doing business in the District of Columbia hazardous to the public or the policyholders in the Dis- trict of Columbia . I believe that the regulatory powers conferred upon the Department of Insurance under ...
... tion of any insurance company doing business in the District of Columbia hazardous to the public or the policyholders in the Dis- trict of Columbia . I believe that the regulatory powers conferred upon the Department of Insurance under ...
Pagina 14
... tion . The variable annuity is an attempt to correct this situation , since the purpose of the variable annuity is not only to guarantee retiring persons an income for life , but to protect their income against a diminishing purchasing ...
... tion . The variable annuity is an attempt to correct this situation , since the purpose of the variable annuity is not only to guarantee retiring persons an income for life , but to protect their income against a diminishing purchasing ...
Termeni și expresii frecvente
35 of chapter Acacia Mutual according to investment Act D.C. Code adjusted premiums Annuity Life Insurance Association of Insurance authorized bonds BROYHILL BRYAN centum Chairman MATTHEWS charges Columbia life insurance committee common stocks company issuing variable CONGLETON CREF District of Columbia domestic life insurance enacted equipment trust certificates Equity Annuity ESLINGER extra premium fixed dollar annuities Fort Lauderdale income Insurance Act D.C. Insurance Co Insurance Commissioners insurance companies Investment Company Act investment experience issue contracts issuing variable annuities issuing variable contracts Jordan June 19 lease legislation lien loan or investment March 17 Marsh MCMILLAN North Dakota ordinary mortality table paragraph payments which vary pending bill percent PHILLIPS policyholders preferred stock present values proposed amendment purchasing power regulation retirement SCHMUCK section 35 securities separate account Standard Ordinary Mortality statement subsection Superintendent of Insurance term insurance tion U.S. Supreme Court uniform variable annuity contracts WEIS
Pasaje populare
Pagina 3 - This statement is being submitted on behalf of the American Life Convention, the Life Insurance Association of America, and the Life Insurers...
Pagina 4 - Committee of the American Life Convention, the Life Insurance Association of America and the National Association of Life Underwriters.
Pagina 23 - ... of either the adjusted premium for the first policy year or the adjusted premium for a whole life policy of the same uniform or equivalent uniform amount with uniform premiums for the whole of life issued at the same age for the same amount of insurance, whichever is less. Provided...
Pagina 23 - The adjusted premiums for any policy shall be calculated on an annual basis and shall be such uniform percentage of the respective premiums specified in the policy for each policy year...
Pagina 22 - For all industrial life insurance policies issued on the standard basis, excluding any disability and accidental death benefits in such policies, the 1941 Standard Industrial Mortality Table.
Pagina 23 - ... of the amount of insurance, if the insurance be uniform in amount, or of the equivalent uniform amount, as hereinafter defined, if the amount of insurance varies with duration of the policy...
Pagina 22 - ... whole life plan for insurance of the same amount at an age one year higher than the age at issue of such policy. " (B) A net one year term premium for such benefits provided for in the first policy year. "Reserves according to the commissioners...
Pagina 23 - ... amount of insurance provided by an otherwise similar policy, containing the same endowment benefit or benefits, if any, issued at the same age and for the same term, the amount of which does...
Pagina 23 - All adjusted premiums and present values referred to in this section shall be calculated on the basis of the Commissioners...
Pagina 23 - ... same term, the amount of which does not vary with duration and the benefits under which have the same present value at the date of issue as the benefits under the policy: Provided, however, that in the case of a policy providing a varying amount of insurance issued on the life of a child under age ten...