March 2021 – Page 7

Mis-selling …customers may be satisfied with companies because they provide inexpensive products, but the customers may be misinformed about what is being sold. (p3) 2015 0501 – Letter – AAA to IAIS – Committee Comments To IAIS on Conduct of Business Risk Draft Paper, American Academy of Actuaries – 4p Mis-selling and market conduct issues…

Policyholder Protection Consumer Protection The fundamental tenet of our U.S. system is to protect policyholders by ensuring the solvency of the insurer and its ability to pay insurance claims. (p36) — Prepared Statement of Kevin M. McCarty, Commissioner Florida Office of Insurance Regulation – On Behalf of the National Association of Insurance 2015 0428 – GOV…

Captive Reinsurance Shadow Insurance 2016 0317 – OFR – Mind the Gaps: What Do New Disclosures Tell Us About Life Insurers’ Use of Off-Balance-Sheet Captives?, by Jill Cetina, Arthur Fliegelman, Jonathan Glicoes, and Ruth Leung – 10p (p41) – Use of captives has grown rapidly since 2000, when the National Association of Insurance Commissioners (NAIC) passed…

Regulation XXX – NAIC 2001 02 – Report – AAA – XXX Practice Note – NAIC Model Regulation XXX, American Academy of Actuaries – 17p 2001 – SOA – Regulation XXX: A Comprehensive Overview, Society of Actuaries – 25p 2006 – AP – Regulation XXX Spurs Insurance Securitization, by Stephen Rooney – <WishList-HeinOnline> The valuation actuary…

Codification One other issue I did want to touch on is the effort of the NAIC on codification. I’m sure that a lot of you have not paid a lot of attention to codification. It seems like an effort that the accountants are making, that we hope won’t effect us too much. The effort on…

Universal Life with Secondary Guarantees (ULSG) The Universal Life contract with secondary guarantees has been one of the most controversial life insurance products introduced in the United States. 2014 04 – SOA – Model Validation for Insurance Enterprise Risk and Capital Models, Sponsored by CAS, CIA, SOA Joint Risk Management Section, prepared By Markus Stricker,…

Procyclical 2006 – IMF – Procyclical Fiscal Policy: Shocks, Rules, and Institutions—A View From MARS – 41p 2009 0504 – Procyclicality – what it means and what could be done, Jean-Pierre Landau, Deputy Governor of the Bank of France – 6p

BOE – Bank of England bankofengland.co.uk Vicky Saporta 2017 – BOE – Douglas, G., Noss, J., and Vause, N. (2017). The impact of solvency ii regulations on life insurers’ investment behaviour. Bank of England Staff Working Paper No. 664 – 30p 2022 02 – BOE – Modelling fire sale contagion across banks and non-banks, Staff…

White Coat Investor 2013 0204 – White Coat Investor – Book Review of Missed Fortune 101 By Live Abundant Owner Doug Andrew – [link] 2014 0519 – White Coat Investor – Is a Zero Percent Tax Bracket in Retirement a Good Idea? – [link] The cost of insurance in the table varies from $0.06 to $83.34 per…

Ghana Universal Life products continue to be the main product line within the Life sector. https://nicgh.org/wp-content/uploads/2020/10/2019-NIC-Annual-Report.pdf