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Old 08-02-2007, 05:51 PM
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kazh kazh is offline
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Default American Life Insurance Congress

This is new:
Quote:
American Life Insurance Congress Sets Unique Mission Elects Board of Governors
The American Life Insurance Congress, Ltd., ... has set as its mission the operation of a true congress representing every sector of the life insurance industry and has invited industry leaders to join in the effort.
...
"We are assembling the most innovative and accomplished thinkers and leaders in the life insurance and other business sectors to realize the purposes of this endeavor: to provide a state-of-the-art resource to legislators and regulators and their respective staffs, to carriers, reinsurers, life insurance brokerage intermediaries, settlement brokers, providers and secondary market investors as well as clients and their respective professional advisors."
According to the Hon. Peter Molinaro President & COO of ALIC and former Senior Deputy Superintendent of Insurance in New York State, A.L.I.C.'s agenda is being advanced at a most opportune time: "After years serving as a regulator and attending meetings of regulators, legislators and industry officials, I am sure that our mission will serve a critical purpose at this particular time in the development of the life insurance industry and the growing secondary life market. From the definition and understanding of certain products to the advocacy of adequate and fitting regulation, the ALIC will perform an exceptional service for this industry," Mr. Molinaro stated.
The mission statement of the association as adopted is as follows:
The American Life Insurance Congress (A.L.I.C.) ...to serve and consist of all major constituencies participating in the American life insurance industry. A.L.I.C. is dedicated to the independent research and deliberation of critical issues in the life insurance marketplace and to providing a forum for all market participants to exchange ideas and views. A.L.I.C. seeks to foster integrity in business practices, informed regulation and education of participants in the innovative and evolving life insurance market.
Together with its research, development and best practices objectives, the Congress distributes its research finds, white papers, task force reports, committee transactions, exposure drafts, journals, periodicals and commissioned studies. The Congress conducts forums, conventions and symposia regionally and nationally for its membership, subscription base, and the general public. The ALIC is firmly committed to the use of the most innovative and advanced technologies available, including interactive modes, to serve its members and its broader constituencies, including subscribers, most effectively.
...
It is the firm belief of the founding Board of Governors of the A.L.I.C. that the outcome of such a voting format will reflect an unprecedented diversity of opinion and experience and, thus, provide for the highest order of intellectual substance and moral suasion.
The members of the board of governors elected at the meeting were:
Mark E. Ross Chairman & Chief Executive Officer
President Mark Ross & Co., Inc.

Hon. Peter J. Molinaro President & Chief Operating Officer
Former New York State Sr. Deputy Superintendent of Insurance

Harry P. Kamen Vice Chairman
Former Chairman & Chief Executive Officer Met Life, Inc.

...Also named were: Senior Advisor to the Chairman of the Board Hon. Gregory Serio
Former New York State Superintendent of Insurance
http://www.emediawire.com/releases/2007/7/emw543398.htm

Is this an alternative to ACLI?
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Last edited by kazh; 08-02-2007 at 05:58 PM..
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