Bills – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# B Bank Holding Company Act of 1956 Business of Insurance Regulatory Reform Act Back to top C CFMA – Commodity Futures Modernization Act Collins Amendment Consolidated Appropriations Act 2021 CRA – Community Reinvestment Act Back to top D DEFRA Dodd-Frank Act DOL – Fiduciary Rule Back to top F FGIC –…

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Activities Based Approach FSOC, Woodall, MetLife, Congress 44. If the public becomes concerned about the viability of a particular business model or widely-held asset class, insurers could collectively be forced to liquidate assets in a stressed environment to meet the resulting withdrawals, termination of short-term funding arrangements or collateral/margin calls. 2017 1208 – IAIS -…

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2008 Financial Crisis – Goldman Sachs 2009 1204 – Bloomberg – Geithner Slams Bonuses, Says Banks Would Have Failed (Update2), (Goldman Sachs), by Robert Schmidt – 2p AIG AIGFP AIG – Securities Lending Senate – Permanent Subcommittee on Investigations – 2008 Financial Crisis – Levin – Coburn Lloyd Blankfein Craig Broderick, Chief Risk Officer Andy Davilman David…

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Gary Gorton Q: How Much Was Gary Gorton Involved With The AIGFP MultiSector CDS Business? Economist Yale AIGFP 2009 – AP – Securitized Banking and the Run on Repo, Gary Gorton – 65p 2010 0227 – FCIC – Forum to Explore the Causes of the Financial Crisis, American University Washington College of Law, Washington, DC…

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Andrew Forster – AIG 2010 0623 – Andrew Forster – AIGFP – FCIC Interview – mp3 2010 0701 – GOV – 2008 Financial Crisis and Derivatives, Day 2, Executives Panel Testimony of Executive Vice President of AIG Andrew Forster, Before the FCIC – 4p 2005-07-21 Email from Forster re Topics to discuss AIGFCIC00145574_1.pdf 2007-08-02 Email…

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Economic Scenario Generator (ESG) Academy’s Economic Scenario Generator Work Group 16. Discussed the ESG Implementation Timeline and Overview of Treasury Model Pat Allison (NAIC) reviewed the implementation timeline for the economic scenario generator (ESG) (Attachment TwentyFive). She noted that the first three milestones have been completed and reminded the audience that the presentation given to the Task…

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Q: Does a Term Policy Have Cash Value? Despite the fact that there are cash values in the thirty-year term contract, from a consumer’s viewpoint it has no savings element. —  Paul Overberg 1973 – SOA – Price Disclosure and Cost Comparison, Society of Actuaries – 186p Cash Value vs Savings vs Reserves

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Government Hearings – 2006 2006 0612 – GOV (House) – Commercial Insurance Modernization  2006 0620 – GOV (Senate) – The McCarran-Ferguson Act: Implications of Repealing the Insurers’ Antitrust Exemption, Arlen Specter (D/R/D-PA) [PDF-160p, VIDEO-Bad Link-judiciary.senate.gov/committee-activity/hearings/the-mccarran-ferguson-act-implications-of-repealing-the-insurers-antitrust-exemption – <mp3, mp4> – R S. Hrg. 109-557, CFA – J. Robert Hunter, Insurance Director, Consumer Federation of America, Washington,…

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General Accounts 1983 – SOA – Segmentation of Insurance Company General Accounts, Society of Actuaries – 38p New Money / Portfolio Money Investment Generation Method 5. A general account is a design feature that is generally available to purchasers of whole or universal life insurance whereby the general assets of the insurance company support the…

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Modified Premium Whole Life Out of curiosity, I examined Conning and Company’s printed studies on twenty-two large stock life insurance companies … Among those companies showing a more rapid growth in the whole life and endowment account, I found the following changes had transpired between 1961 and 1966:  (2) modified premium whole life policy had…

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