May 2021 – Page 6 – [BonkNote]

Religion Princeton sociologist Viviana Zelizer has detailed in her book “Morals and Markets,” for a long time life insurance failed to thrive in the U.S. because people didn’t like the idea of placing a value on human life, and wives often felt as if they were betting on the deaths of their husbands. Life insurance…

Systemic Risk – Actuarial – International (p1) From a regulatory position, the simple postulation that insurance sector entities will not be a source of future systemic risk events due to historical observation could lead to the failure to identify, assess, monitor and mitigate the critical trends and signs of future systemic risk events. (p38) Future…

Systemic Risk – Actuarial The insurance sector is subject to a range of potential systemic risks. 2009 1124 – Financial Regulatory Reform Task Force of the American Academy of Actuaries Letter to GOV – Barney Frank/Spencer Bachus – <House Financial Services Committee> – 3p 2020 02 – Systemic Risk in China’s Insurance Industry, Society of Actuaries…

NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…

Lapse Risk Lapse Mass Lapse Risks The third is the lapse risk, which is defined as the risk that the policy will lapse before the acquisition costs are recovered. — William M. Frasier 1996 – SOA – Accounting for Reinsurance Agreements, Society of Actuaries – 22p In terms of some additional risks that you assume,…

OCC – Office of the Comptroller of the Currency occ.gov <WishList> – 1972 – OCC – Report to Congress, by Comptroller General of United States : Survey of Application of Government’s Policy on Self-Insurance 1996 0812 – OCC – Credit Derivatives: Guidelines for National Banks, OCC Bulletin 1996-43 – [link] Credit derivatives are new financial instruments…

Commutation 1888 – Book – Life Insurance Premiums and Reserves – Homans – 13p [Bonk: original 20p – can be found on GooglePlay, extraneous pages removed] 1959 – SOA – Interpolation Commutation Columns, Society of Actuaries – 6p Commutation columns and valuation factors based on 1958 CSO mortality table. [Worldcat: One Copy available at Indiana…

Old – Media Probe, Halsey Josephson The Insurance Salesman Magazine The Insurance Salesman Magazine

Old – Journals Journals – 1800s – Same List as Journals 1900-1959 Field Notes Life Insurance Independent and American Journal Our Society Referendum American Underwriter Magazine and Insurance Review The Chronicle The Insurance Field The National Underwriter p149-157 – Life Insurance for the Poor, by Elizur Wright p157-164 – A New Plan of Life Insurance…

Books Old – Books 2008 – Financial Crisis – Books 2016 – Book – The Life Insurance Policy Crisis: The Advisors and Trustees Guide to Managing Risks and Avoiding a Client Crisis, by E. Randolph Whitelaw and Henry Montag Amazon – Best Sellers in Life Insurance – [link] lifeinsurancebooks.com/ wisebirdfinancial.com/books-about-life-insurance/ Randal Hendricks’ meticulously researched article in…