Judy Faucett

Judy Faucett

Commissioner David Lyons (Iowa) asked Ms. Faucet to describe the quotation by her that had recently appeared in the New York Times.

She said she was quoted as saying that if you put 10 actuaries in a room you would get 40 conclusions about what the numbers they were examining meant. 

She thought it was important for buyers to see how the policy would work but the current approach <Guarantees Only> of the working group would not allow that to happen.

Ms. Faucet responded that people spend more time buying a microwave than they do an insurance policy.

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