Executive Life (CA)
Hearing Scheduled on NOLHGA Intervention Motion
A hearing on NOLHGA's intervention motion in the California Commissioner's lawsuit against Altus Finance and others is scheduled for August 6, 2001. Parties to the lawsuit, including the Commissioner, have opposed the motion on several grounds. NOLHGA has sought intervention to show that, if the Commissioner's allegations of misconduct are correct, losses resulting from the ELIC insolvency were substantially exacerbated as a result of such misconduct, and to present certain legal arguments in support of the Commissioner's claims seeking restitution from the defendants.
Task Force Chair - Art Dummer; Staff Contact -GAO Report Cites Insurance Guaranty System
In a Government Accounting Office (GAO) Report to Congress entitled Security Investor Protection: Steps Needed to Better Disclose SIPC Policies to Investors, the GAO cited the state disclosure requirements contained in the NAIC model act. The complete GAO report is available at their website, www.gao.gov. Once at the site click, on recent reports and testimony, then click listed by title, then scroll to Security Investor Protection.
Staff Contact - Bill O'SullivanEducation Committee Plans Panel on Assessment Refunds and Credits
NOLHGA's Education Committee has coordinated a panel on assessment credits and refunds, scheduled to be held in conjunction with the August MPC Meeting in Denver. Questions that will be addressed by the panel have been posted to the website with the MPC meeting materials. If you have questions that do not appear on the list, please do not hesitate to provide them to Holly Wilding at NOLHGA. The panel will be happy to try and address your questions. Holly's e-mail address is [email protected], and her phone number is 703.787.4111.
Staff Contact - Sean McKenna