HEARINGS BEFORE THE SUBCOMMITTEE ON ANTITRUST AND MONOPOLY, United State Con OF THE. Senate COMMITTEE ON THE JUDICIARY, UNITED STATES SENATE NINETY-THIRD CONGRESS For sale by the Superintendent of Documents, U.S. Government Printing Office JOHN L. MCCLELLAN, Arkansas SAM J. ERVIN, JR., North Carolina ROMAN L. HRUSKA, Nebraska STROM THURMOND, South Carolina HOWARD E. O'LEARY, Staff Director and Chief Counsel (II) CONTENTS ORAL STATEMENTS Fuller, Theodore, president, Savings Bank Life Insurance Fund, New York, N.Y.; accompanied by Louis H. Nevins, director-counsel, National Kimball, Spencer L., professor of law, University of Chicago Law School, executive director, American Bar Foundation__-- Knauer, Virginia H., Special Assistant to the President for Consumer Affairs; accompanied by Robert Montgomery, general counsel, and Frank McLoughlin, director, Industry Relations Division___. Matz, J. Edwin, senior executive vice president, John Hancock Mutual Mintz, Joseph A., vice president, Texas Consummer Associations___ Rapp, Walter E., executive vice president, Savings Bank Life Insurance Co., Hartford, Conn.; accompanied by Louis H. Nevins, director-counsel, MATERIAL RECEIVED FOR THE RECORD New York State statute regarding complete comparisons--- Letter from W. E. Rapp, executive vice president, Savings Bank Life Insurance Co. of Hartford, Conn., transmitting excerpts from Hartford Courant indicating that savings banks in Connecticut are reaching U.S. District Court for the Southern District of New York complaint for injunctive and declaratory relief regarding sections 268 and 266 of the banking laws of the State of New York which prohibit selling savings Letter from Conference of Actuaries in Public Practice transmitting list of conference members employed by State insurance departments__ Letter from Northwestern Mutual Life Insurance Co. transmitting Harold Baird's presentation before national symposium of CLU entitled "Life Insurance 'Price,' 'Cost,' and 'Value' Illustrations". Letter from Stanley DuRose to NAIC Task Force on Life Insurance Com- Letter to subcommittee from Stanley DuRose transmitting material re- NAIC task force report on life insurance cost comparisons, December 5, NAIC task force report on life insurance cost comparisons, June 4, 1973_. Page 1028 1030 1031 1033 1043 1063 1084 1086 Excerpt from Wisconsin Law Review entitled "What Price 'Price Disclosure'? The Trend to Consumer Protection in Life Insurance," with attachments 1109 Excerpt from Michigan Law Review entitled "The Regulation of Specialty 1145 Prepared statement of Mark S. Dorfman__ 1237 1255. Letter to Chairman Hart from James F. Renard regarding statements made during appearance before committee_ 1257 Letter to James Renard from National Life and Accident Insurance Co., dated February 22, 1973____ 1259 Letter to James Renard from National Life and Accident Insurance Co., dated January 30, 1973.. 1262 Copy of promissory note endorsed by James Renard guaranteeing payment to Third National Bank__. 1264 Letters to James Renard from Third National Bank, dated January 24, 1266 Letters to James Renard from Joel Mirman, legal counsel, dated January 25, 1973___ 1271 Letter to subcommittee from Arthur Piper, former insurance agent, re escrow accounts_ 1273 Excerpt from the Indiana Daily Student entitled "Deferred Payment Pros, 1273 Article entitled "A Report on Life Insurance," by Joseph Belth__. 1274 1276 1278 Article entitled "Fidelity Union Life Finds Campuses Offer Plenty of 1290 Excerpt from Journal of Risk and Insurance entitled "Workable Product 1294 Letter to the subcommittee from J. Edwin Matz, American Life Insurance 1332 1355 1357 1380 Statement of American Life Insurance Association re contributions of insurance industry to public health, safety, and improved environment, with letter of transmittal.. 1385 |