Business of Insurance McCarran-Ferguson Business of Insurance Regulatory Reform Act Dodd-Frank Act Michael McRaith 2022 0908 – GOV (Senate) – Current Issues in Insurance – Brown LC – Pireno Liqudation of Insurance Company Relationship Between Company and Insureds Supreme Court 2010 – Book – Regulating the Business of Insurance in a Federal System, By Joseph F.…

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Roxani M. Gillespie 1986-1991 – California Insurance Commissioner Executive Life Insurance Company September 1990 Actuarial Update   21st Century Insurance Group and an affiliated company, AIG Director since 1998 – Partner in the law firm of Barger & Wolen located in San Francisco, CA since 1997. Previously, Ms. Gillespie was a member of the law firm…

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John Garamendi garamendi.house.gov 1991-1995 – California Insurance Commissioner 1995-1998 –  U.S. Deputy Secretary of the Interior  2003-2007 – California Insurance Commissioner 2007-2009 – Lieutenant Governor of California 2009-Current – House of Representatives Member ELIC – Executive Life – California 1991 0511 – The Los Angeles Times – Insurance Firm Operations Cut by Garamendi, by Daniel M.…

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California Life Insurance Guide – [link] Universal Life:  The policy can also be structured to operate like term insurance. 1996 0703 – California – Assembly Bill 3234 (Knowles) Hearing Date: July 3, 1996, SENATE COMMITTEE ON INSURANCE, Senator Herschel Rosenthal, Chair – [link]  LC – Walker v Life Insurance Company of the Southwest  —  [BonkNote] DFPI…

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Leverage Walker v Life Insurance Company of the Southwest 3. Leverage in the financial sector. The pandemic stressed the resilience of banks, but they remain well capitalized. Leverage at broker-dealers also remains low. In contrast, measures of leverage at life insurance companies are at post-2008 highs….. (p7) 2020 11 – FRB – Financial stability report…

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Run on the Life Insurance Company Run (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? Because if they are, then our serious consequences for economic structure are way out of line. 2015…

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Companies Companies – Index AIG Baldwin United Conseco EF Hutton Equity Funding Corporation of America Executive Life ELNY – Executive Life of New York Equitable Life The Hartford Life of Virginia John Hancock / Manulife Lincoln Life MassMutual Minnesota Mutual Monarch MetLife New York Life Pacific Life Prudential SunAmerica Mutual Companies New Companies Stock Companies…

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DOJ – Department of Justice justice.gov/ https://www.justice.gov/usao-ndil/pr/23-defendants-charged-participating-26-million-life-insurance-fraud-scheme 1977 – DOJ – The Pricing and Marketing of Insurance: A Report of the U.S. Department of Justice to the Task Group on Antitrust Immunities – [PDF-372p-GooglePlay] 1977 – DOJ – Report of the U.S. Department of Justice to the Task Group on Antitrust Immunities – [PDF-81p-GooglePlay] 2009 0728…

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Richard Schweiker 1961-1969 – U.S. Representative (R-PA) 1969-1981 – U.S. Senator (R-PA) 1981-1983 – U.S. Secretary of Health and Human Services  1983-1994 – President of the ACLI (American Council of Life Insurers) 1975-1976 – Member – Church Committee – Select Committee to Study Governmental Operations with Respect to Intelligence Activities Kennedy’s assassination libraries.psu.edu/findingaids/1771.htm congress.gov/member/richard-schweiker/S000159?q={%22congress%22:94}&searchResultViewType=expanded Richard…

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Government Structure TNEC – Temporary National Economic Committee June 16, 1938 – April 3, 1941 Pecora Commission House Committees Energy and Commerce – energycommerce.house.gov/subcommittees  Consumer Protection and Commerce Financial Services Consumer Protection and Financial Institutions Investor Protection, Entrepreneurship and Capital Markets Ways and Means wikipedia.org/wiki/United_States_House_Committee_on_Financial_Services#Subcommittees Senate Committees Banking, Housing, and Urban Affairs Financial Institutions and…

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