Insurance Commissioner Rejects Filing for Being Completly Understandable

When the filing came across the examiner's desk, she thought it was a joke.

"The writing was so crisp - simple words, short sentences, you know that sort of thing.  I understood it after the first reading. And that's what I found so alarming." Explained the examiner.

The usual course for insurance contract filings often involves a series of interchanges between the insurance company and the regulatory authority before a product can be sold to the public.  Insurers often wonder if the commissioners actually read what they wrote.  Commissioners often wonder if the filing was written in English.

When the document in question reached the desk of this particular Commissioner, he knew that something must be done.

New Feature - Nate Notes

I have lots of thoughts. They pop up and reproduce like fruit flies, and I have a hell of a time trying to get them out of my head.

So, I'm going to start dumping them here and tagging them #natenotes.  They should have some shred of actuarial connection. I'd usually dump this stuff on to the Actuarial Outpost, but I want this blog to serve as a bridge between actuaries and the public. 

Over the next few months, I'll be exploring topics like:

• The Impending Robot Revolution
• Nate-rodamous - My Predictions of the Future
• Taking Chances and Making Bets
• The Next Phase of Human Evolution
• Why Do Churches Buy Insurance?
• Are Actuaries Overpaid?

...and more.  So stay tuned!