1972WisLRevprice discloure 外文电子书籍.pdfVIP

Citation: 1972 Wis. L. Rev. 1025 1972 Content downloaded/printed from HeinOnline () Sun Apr 15 04:11:03 2012 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnlines Terms and Conditions of the license agreement available at /HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: /ccc/basicSearch.do? operation=gosearchType=0 lastSearch=simpleall=ontitleOrStdNo=0043-650X WHAT PRICE PRICE DISCLOSURE? THE TREND TO CONSUMER PROTECTION IN LIFE INSURANCE SPENCER L. KIMBALL* MARK S. RAPAPORT** Meaningful price disclosure at the point of sale in life insurance would help to implement one major objective of insurance regula- tion, protection of consumers against unreasonably high prices. The recent solution of certain technical problems has made such disclosure possible. One question still facing disclosure advocates, albeit a difficult one, is ascertainment of the specific technique of price disclosure that should be adopted. This study appears now because the Wisconsin Insurance De- partment has recently promulgated the first price disclosure re- quirement in the country which is applicable to the initial sale of life insurance. 2 Moreover, a National Association of Insurance Commissioners Task Force headed by Wisconsins insurance com- missioner is presently working on the problem. Discussion of the subject from a regulatory point of view therefore seems timely, and may aid in the further development