Archive for June 2020
Rebating
Rebating 1991 – Sun Sentinel – Insurance Industry Frowns on Cutting Commission for Client, [Rebating] – [link] 1993 0326 – NYT – Insurers Cited on Barring Rebates, By Peter Kerr – [link] 1991 0613 – GOV – Insurance Competitive Pricing Act of 1991 – [PDF-237p – GooglePlay. No Video] Rick Nelson Peter Katt Rep. Lehman …stated that…
Read MoreInterest Rate
Interest Rate Assumptions Grading Interest Rate Risk Low Interest Rate Environment New Money vs Portfolio Money Maybe he is not getting all the disclosure he needs, as far as the continuing benefit is concerned, when the interest rates change from that illustrated. The interest assumption is one that we really struggled with. — Gary P.…
Read MoreGrading
Grading Where were the people that wanted to do that when we were going through the process. Folks, we’ve been talking about this for a year. We have taken input from anyone and everyone. If we had any sense that we could have had ten-year projections only, if we had any sense that we could…
Read MoreUniversal Life as Term
Universal Life as Term Insurance Universal Life: The policy can also be structured to operate like term insurance. California – Life Insurance Guide (Revised March 2018) – insurance.ca.gov/01-consumers/105-type/95-guides/07-life/life-ins-guide.cfm A few companies have introduced a product known as Universal or Total Life. (p70) 1982 – Book – Life Insurance, by Huebner and Black [Bonk: This passage was in…
Read MoreNAIC – Proceedings
NAIC Proceedings ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ACLI – NAIC Proceedings Back to top # 1871-1, NAIC Proceedings 1871-2, NAIC Proceedings 1907-0, NAIC Proceedings 1912-0, NAIC Proceedings 1931-0, NAIC Proceedings 1933-0, NAIC Proceedings 1940-0, NAIC Proceedings 1942-Supplement, NAIC Proceedings – Reports and Statements on Non-Forfeiture Benefits and Related Matters 1951-0, NAIC Proceedings 1973-1, NAIC Proceedings 1974-1, NAIC Proceedings…
Read MoreOptions
Options Derivatives, Futures, Options, Swaps etc – Government Hearings Options – Investment Strategy Policyholder Options Premium Payment Options 2009 – AP – Implicit Options in Life Insurance, WP 33, by Nadine Gatzert, University of Gallen – 30p The common types of life insurance products discussed in the previous section are usually replete with implicit options.…
Read MoreValuation
Valuation Liquidation Belth FRB Valuation Loans Standard Valuation Law Valuation Actuary Valuation Manual – NAIC Valuation and Non-forfeiture 1979 – SOA – Discussion of the Preliminary Report of the Committee on Valuation and Related Problems, Society of Actuaries – 44p 1987 – SOA – Valuation Actuary Handbook. Chapter I – Life Insurance Company Statutory Valuation – 34p…
Read MoreData Bank
Data Bank Concept of a Life Insurance Policy Data Bank A national data bank, organized and operated through the auspices of the NAIC, would serve as a depository for raw data on new as well as existing policies for cooperating insurers. It is anticipated that the national data bank would: The data bank would receive…
Read More1974-1, NAIC Proceedings
1974-1 NAIC Proceedings AGENTS’ COMPENSATION SYSTEMS TASK FORCE NON-FORFEITURE VALUE AND POLICY RESERVE VALUATION TASK FORCE Hart, Data Bank, Variable Life, SEC, CONSUMER PARTICIPATION(EX4) SUBCOMMITTEE Life Insurance Cost Comparisons Task Force Statement re: The Life lnsurance Interest Adjusted Cost Comparison Model Regulation Allstate Life insurance Company December 3, 1973 Hart, Philip -US Senate Letter…
Read MoreUnauthorized Insurance Committee – NAIC
Unauthorized Insurance Committee – NAIC 1974-1, NAIC Proceedings 1970, NAIC Proceedings – Non-Admitted Insurers – Report by Joseph Humphreys to Unauthorized Insurers (F2) Subcommittee – (p432-434) Surplus Lines, Reinsurance, Jackals The tight mortgage money market in the U, S. has brought a proliferation of “Non-Insurance writing insurers”. Such a corporation is formed to take advantage…
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