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BUIST M. ANDERSON DISTINGUISHED SERVICE AWARD

The Buist M. Anderson Distinguished Service Award, named after its first recipient, is bestowed by the Board of Governors on long-standing members of the Association of Life Insurance Counsel who have provided outstanding service to the Association and to the bar of the life insurance and related financial services industry, to the life insurance industry or to colleagues in the industry.

 


 

 

   2018 AWARD RECIPIENT

Paul J. Mason

The ALIC Board of Governors has unanimously selected Paul J. Mason as the recipient of the 2018 Buist M. Anderson Distinguished Service Award. 

 

Paul made significant contributions to ALIC since joining the Association in 1969.  He contributed regularly to the Association’s tradition of scholarship, serving as a participant on several main stage and breakout session panels addressing a variety of issues.  His depth and substantive knowledge enriched ALIC members’ understanding about vital issues of the day.  In addition to his scholarly contributions to the Association, Paul demonstrated an inclusive, collegial outreach. For years, Paul hosted a dessert, drinks and music reception after dinner on the Saturday evening preceding the Annual Meeting, during its tenure at the Greenbrier. He invited all ALIC members to attend. Members greatly looked forward to this social event which fostered friendship and reacquainted members. 

 

Paul has a long history of outstanding service to the bar of the life insurance and financial services industry. Paul served for many years as Chair of the American Bar Association's Subcommittee on Securities Activities of Life Insurance Companies. This enabled valuable exposure and discussion on issues important to life insurers under the federal securities laws.  

 

Paul served as the Chairman of the Executive Council of the Securities Law Committee of the Federal Bar Association, and opened valuable pathways for life insurers to shape and interpret rapidly evolving securities regulation. Through his representational role, life insurers gained a seat at the Federal Bar Association table and participated actively in FBA affairs.

 

Most significantly, Paul, together with past ALIC Board member Jim Jorden and Milton Kroll, developed one of the life insurance industry's leading conferences: the American Law Institute-American Bar Association (“ALI-ABA”) Conference on Life Insurance Company Products. For over 30 years, this conference became a significant annual event for life insurance company legal practitioners, trade association lawyers, and members of the private bar, and   established a strong foundation of informative legal scholarship.

 

Paul’s contributions to this industry have been profound and long-lasting. He served on the staff of the SEC in the Division of Market Regulation for several years and chaired an interdivisional task force at the SEC on the insurance industry and its products before joining the American Council of Life Insurers (ACLI) in 1968 where he served as Chief Counsel – Securities for 13 years. in 1981, Paul joined Sutherland, Asbill & Brennan where he was a partner for 18 years until he left to become the Insurance Marketplace Standards Association’s (IMSA) second Executive Director. His tenure provided a firm hand on the tiller during an important period at IMSA, and helped the industry enhance voluntary ethical behavior in the distribution of insurance products. Following his leadership at IMSA, Paul joined the Dechert law firm to counsel life insurers on legal matters. He has remained active and conversant in the current issues confronting life insurers.

 

Through his career, Paul has been a mentor to many younger lawyers, who are now seasoned leaders in the industry. Over the years, Paul also served as a valuable sounding board to different groups and industry committees, and through that role helped others prioritize client matters in an efficient and effective manner. In these ways, Paul Mason helped colleagues assist clients and provide sound counsel.

 

All those who wrote in support of Paul’s nomination for the Anderson Award commented on his critical contributions to the life insurance industry.  In her letter of support, past ALIC Board Member Cynthia Toles referred to Paul as, “a living and breathing example of integrity, scholarship, accomplishment and leadership we all aspire to.”  And in his nomination letter, Carl Wilkerson wrote that Paul Mason “exemplifies the fundamental elements of the ALIC: leadership, collegiality, industry involvement, and scholarship.” 

 

Paul embodies the skills of a highly respected lawyer with his outstanding qualities of integrity and principle.  Through his demonstrated excellence in service to ALIC and the industry, he represents the qualities and values the Anderson Award was designed to honor.   

 


PAST RECIPIENTS
Paul J. Mason 2018
Daniel B. Seitz 2017
David Carmichael 2016
Larry Burkett 2015
Cynthia R. Shoss 2014
Wolcott Dunham, Jr. 2013
Joseph P. Rath 2012
Gary E. Hughes 2011
Thomas E. Workman 2010
Willliam A. Wilson** 2009
J. Michael Keefer 2008
Charles Bowman Strome, Jr. 2006
John J. Creedon, Jr. 2005
Jack D. Hunter 2002
Jack H. Blaine 2001
William R. Shands, Jr. 2000
Robert R. Googins 1999
A. Peter Quinn, Jr.** 1998
Robert S. Seiler 1997
Hugh S. Campbell** 1995
Abram T. Collier 1994
Buist M. Anderson** 1993

**Deceased


 Qualifications

 

Outstanding service to the Association can be evidenced in one or more of the following ways:

  • Presenting papers
  • Participating on panels
  • Promoting the collegiality of the Association
  • Serving as chair of a section
  • Serving on special committees
  • Serving as an elected officer
  • Serving on the Board of Governors

Outstanding service to the bar of the life insurance and related financial services industry can be evidenced in one or more of the following ways:

  • Participating in insurance-related activities of the Tort and Insurance Practice Section of the American Bar Association
  • Participating in insurance-related activities of a state or local bar association
  • Serving as an educator in insurance law
  • Contributing to legal scholarship through publication of learned articles or books on subjects of importance to the life insurance bar

Outstanding service to the life insurance industry can be evidenced in one or more of the following ways:

  • Serving on committees of the American Council of Life Insurers
  • Presenting papers to or serving as an elected officer in the Legal Section of the American Council of Life Insurers
  • Participating in the activities of other international, national or state trade associations concerned with legal and regulatory matters involving life insurance companies
  • Representing the life insurance industry before international, federal or state legislative or regulatory bodies
  • Participating in NAIC activities including membership on advisory committees
  • Holding a staff or leadership position in a life insurance trade association

Outstanding service to colleagues can be evidenced in the following way:

  •  Giving willingly both time and effort to assist other lawyers in providing sound counsel and advice to their life insurance clients

These lists of ways in which outstanding service to the Association, to the life insurance bar, to the life insurance industry and to colleagues can be evidenced are not intended to be exhaustive.  Consideration may be given to other, equally laudable, service provided by a nominee.


Criteria
  1. While the Anderson Award is intended to honor the recipient’s entire body of work, a recipient may still be actively engaged in, or fully retired from, their professional legal career, and may be either an active or emeritus member of the Association.  The recipient must, however, hold or have held active and substantial membership in the Association. 
  2. An individual may receive an Anderson Award only once.
  3. Governors and elected officers of the Association are not eligible to receive an Anderson Award during their tenure in office.
  4. An Anderson Award will not be made posthumously.

Nomination Process and Standards    |    NOMINATION FORM
  1. Nominations for the Anderson Award can only be made by current members of the Association.
  2. Members of the Distinguished Service Award Committee may nominate one or more individuals for the Anderson Award.
  3. Nominations must be submitted on the Buist M. Anderson Distinguished Service Award Nomination Form, which is available on the Association website.   
  4. The Nomination Form must be accompanied by letters from at least two other current or retired members of the Association seconding the nomination and attesting to the accuracy of the service that forms the basis for the nomination.
  5. The Nomination Form and seconding letters must be submitted to the Chairman of the Distinguished Service Award Committee, the President of the Association, the Secretary-Treasurer of the Association or to the Association’s Executive Director.
  6. All nominations and seconding letters must be submitted by December 31, preceding the Association’s Annual Meeting at which the Award, if any, will be presented.
  7. Individuals nominated, but not selected, for the Anderson Award will be automatically reconsidered for the Award in future years.  Nominees will be eliminated from consideration, however, in the event they are not selected within five years after they are first nominated.  Nominees eliminated from consideration after five years may be re-nominated
  8. The Distinguished Service Award Committee will review all nominations received by December 31, for compliance with the foregoing qualifications, criteria and standards.  The Committee will make its recommendation, if any, to the Board of Governors prior to the January meeting of the Board at which the recommendation will be considered.
  9. An affirmative vote of at least two-thirds of the entire Board is required to authorize the presentation of an Anderson Award.  Any Governor not present at the meeting at which the recommendation is considered may communicate his or her vote in writing to the Secretary-Treasurer of the Association.
  10. If the Board of Governors fails to authorize presentation of an Anderson Award to a nominee recommended by the Distinguished Service Award Committee, the nomination may, at the discretion of the Board of Governors, be referred back to the Committee for future consideration.
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