Harrisburg Regional Manager
Pennsylvania Insurance Department
rlisi@state.pa.us
Dear Mr. Roger Lisi:
With regard to the above trust approved by Mr. Ario in October, 2008: Conseco Co., the applicant: (submission of a Form A Filing, to convert all long-term care policies domiciled in Pennsylvania to the above trust.)
Conseco's application mentioned, yet did not supply, the commissioned Milliman Actuarial Study analyzing the trust's projected capacity to survive as a stand-alone entity.
The report, when requested by Mr. Belth, editor of the Insurance Forum newsletter, during the comment period, was informed by Conseco the report was confidential. The report may reveal important projections and give insight into the rationale for creating the trust, as well as projections as to its future sustainability.
I ask you to solicit, and make this report available in the public record. If instrumental in the trust's creation, then considering the trust's impact on 142,000 senior policyholders, it would be both the right, as well as the ethical thing to do. I put forth to you, it would be easy to say this is not in your capacity to comply with this request, however, that would be remarkably reminiscent of the current protestations of non-complicity during official hearings.
I would also ask you to make available the complete database of senior policyholders so that they may be appraised of the trust holding their policies.
Very truly yours, I remain William Silverman
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment