Regulators – AIG – FCIC YPFS: Since AIG is an insurance company, what was the role of the insurance regulators and their interaction with the Fed during this time? Baxter: Part of the reason some people were not comfortable that the Trust owned 80% of AIG was because the investment could be subject to the…

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AIG – Run AIG – Securities Lending – Run (p152) –  iv. Would Bankruptcy Have Been as Bad as the Government Claims? 585 The events of the Great Depression are a useful comparison. There were two financial holidays in 1933: the first was a full banking holiday that shut down every bank in the United…

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Sandbox 1978 – Federal Trade Commission (FTC) – Life Insurance Buyer’s Guide – 12p  1983 – ACLI Revised Draft Life Insurance Buyers Guide, letter and Disclosure Model Regulation  – 1983-1 523 – 27p  1993 – NAIC Life Insurance Buyers Guide – 5p – From Government Hearing. “When Will Policyholders Be Given the Truth About Life Insurance”   1996 -…

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FCIC – AIG – Annuities 2008 0913 – FCIC – FRB (Brian Peters/NY/FRS) -FRBNYAIG00510 – 2p They are also large issuers of annuities and have $11B of contingent exposure in their domestic retirement services business. These are retail but run by large sponsors who could encourage accounts to put back the annuities in exchange for cash if…

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AIG – GICS – Guaranteed Investment Contracts AIG – GIAs – Guaranteed Investment Agreements GICS – Guaranteed Investment Contracts AIG – Matched Investment Program – (MIP) (p205) – GICs and GIAs are entered into by AIG’s insurance subsidiaries, principally SunAmerica Life Insurance Company and AIG Financial Products Corp. and its subsidiaries, respectively. 2009 0620 -…

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Project – Video – Worldview The head of the prudential regulator APRA testifies at the Banking Royal Commission From <https://www.youtube.com/watch?v=nf_Lk_GjOQk> Misconduct:  48:00 Chicken and Egg Problem: 50:00 Culture/ remuneration Structure: 51:00 =====Ex: Universal Life, 1980’s, people will be forced to sell it. Gabriel Bernardino – Systemic Risk in the Insurance Sector   From <https://www.youtube.com/watch?v=WsZtqh9_n0Y>

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Project – Video – Academic Video: Exam MLC Problem 297 “Learning Objective “Universal Life.” Question: Calculate the Level Annual Premium that results in an account value of 0 at the end of the 20th year.” – UW- Madison / SOA – <Bonk: Goal: use a Universal Life policy to design a 20-year term policy https://www.youtube.com/c/mitocw/search?query=life%20insurance BCC EducationLLQP Video…

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Project – Video – Legal Cases Legal Cases – Videos -Snippets Legal Cases – {Audio} {Video} Ethical standards for insurers? | Deposition Video | Doyle Raizner LLP Nichols vs. Mid-West National Life Insurance https://www.youtube.com/playlist?list=PLU-Q5aFlVyvnV8Ao8nsaAhrW1z0SymAK4 Mid-West 30b6 Deposition Linton Checka PART 3 27:50 Application, agent means nothing 28:41 I rely on the applicant Why was this…

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Feller v. Transamerica 2016 – LC – Feller v. Transamerica  —  [BonkNote] No. 2:16-cv-01378 (C.D. Cal.) (filed June 10, 2016) 2016 0321 – ABC News San Fransisco – Is there a life insurance bubble that is about to go bust? – [VIDEO-YouTube-02:34] 2017 – josephmbelth.com/2017/10/no-239-transamericas-cost-of-insurance.html 2018 – josephmbelth.com/2018/10/no-290-transamerica-moves-to-settle.html https://cdn.ymaws.com/www.alic.cc/resource/collection/19EA1C27-1F02-4F0F-81BE-2340601FAA95/Session_IV_-_Life_Insurance_Litigation_Update.pdf

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Projects – Video – Media 2013 – Retirement disaster may loom holders of universal life insurance policies https://www.youtube.com/watch?v=eytG4g-lFjE 2016 – The bad side of Universal Life Insurance https://www.youtube.com/watch?v=-yMC5M0Pi4k 2016 – ABC News San Fransisco – Is there a life insurance bubble that is about to go bust? https://www.youtube.com/watch?v=Pr49s-AVzQo Feller v. Transamerica Life Ins. Co., No.…

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