Archive for May 2021
Policyholder
Policyholder Orphaned Policyholder Behavior Policyholder Options POLICYHOLDER PROTECTION Consumers Consumer Education Confusion
Read MoreGICS – Guaranteed Investment Contracts
GICs – Guaranteed Investment Contracts FABN – Funding Agreement-Backed Note GICS – AIG – FCIC GIA’s Guaranteed Interest Contracts Stable Value Unallocated Annuity Contracts 412(i) 1991 0903 – NYT – Worry Over Retirement Funds, By Eric N. Berg – [link] GIC’s, Executive Life, Mutual Benefit Also, you had a lot of different interests in Executive Life.…
Read MorePolicyholder Options
Policyholder Options Many insurance contracts offer the policyowner options regarding premium payment, benefit patterns, and policy loans. This flexibility means that many different patterns of future cash flow could arise under the contract. (p6) 2002 09 – AAA – Fair Valuation of Insurance Liabilities: Principles and Method, American Academy of Actuaries – 48p The ACLI’s Dolan…
Read MoreLiquidity vs Solvency
Liquidity vs Solvency Liquidity is a separate problem from solvency, but it can be equally serious. 1992 01 – SOA – The Actuary – A Possible Source of Low-cost Liquidity, by Irwin T. Vanderhoof, Society of Actuaries (p3) – 20p 2009 0305 – GOV (House) – Perspectives on Systemic Risk [PDF-254p, VIDEO-youtube-Part 1of 2 – Bad Copies] – <mp3,…
Read MoreJournalists
Journalists Media Media – Index Press Press Releases 1989 0501 – National Press Club / CSPAN – Where Was the Press During the S&L Crisis? – [link] Jack Anderson Webb report, wisconsin, hart Diana B. Henriques – NYT – New York Times Military Sales of Life Insurance Larry Kramer – Washington Post Gretchen Morgenson -…
Read MoreColorado
Colorado Wayne Allard (R-CO) 1983–1991 – Colorado House 1991-1997 – US House 1997–2009 – US Senate Ed Perlmutter (D-CO) 1995-2023 – US House doi.colorado.gov/for-consumers/consumer-protection/proposed-mergers-acquisitions
Read MoreAdvice
Advice Incidental Advice Thomas v. Metropolitan Life Insurance Company, Case No …Aug 31, 2009 — This policy was a variable universal life insurance policy. The Third … advice “solely incidental to” the conduct of business as a broker or dealer. … under the IAA if the advice they give is “solely incidental to” their broker activities and they receive…
Read MoreHolding Company
Holding Company Bank Holding Company Act of 1956 MHC – Mutual Holding Company Orderly Resolution Authority SLHC – Savings and Loan Holding Company 2007 0611 – OTS – Office of Thrift Supervison Holding Company Report Of Examination of AIG – 52p 2010 0318 – GOV (House) – Insurance Holding Company Supervision – Paul Kanjorski (D-PA) Dots –…
Read MoreRun
Run Run – Index Life insurers, whose liabilities are generally more liquid than their assets, are particularly vulnerable to runs by policyholders. (page x) 1994 04 – CBO – The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office – 80p A major problem that must be overcome with such monitoring…
Read MoreRegulatory Forbearance
Regulatory Forbearance 2021 – AP – Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class, by Bo Becker (Stockholm School of Economics, CEPR, and ECGI), Marcus M. Opp (Stockholm School of Economics and CEPR), Farzad Saidi University of Bonn and CEPR), The Review of Financial Studies, Volume…
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