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Insurer Tells Calif. Justices Interest Disclosure Risks 'Disaster'

By Dorothy Atkins (September 3, 2019, 7:13 PM EDT) -- Northwestern Mutual Life Insurance Co. urged the California Supreme Court on Tuesday to find that insurers are exempt from disclosing compound interest charges on policy loans, arguing that requiring the disclosures would jeopardize the loans and "create a disaster, frankly, for policyholders and for the entire system."...

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