Swissre 2018 02 – Swissre – The Chinese Insurance Market – 39p The CIRC completed pricing reforms for the life sector in 2016. With the reform, insurers are free to set their own guaranteed interest rates up to 3.5% for universal life policies, and up to 3.0% for participating life policies. Higher rates need CIRC…

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Request for Comments 2016 – FRB – federalregister.gov/documents/2016/06/14/2016-14005/enhanced-prudential-standards-for-systemically-important-insurance-companies To support this study and Report, FIO has consulted extensively with various stakeholders. On October 17, 2011, FIO published a notice in the Federal Register asking the public to submit comments on the considerations and factors listed in Title V: • Systemic risk regulation with respect to…

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Universal Life – Premium – Consumer Advocate The personalized information in the Policy Overview is the premium for the policy – based on information known to the producer or insurer at the time and subject to change based on additional or revised information – and that information can be provided prior to purchase. If an…

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Stock Companies Many stock life insurance companies seem to feel that it is imperative for them to offer new and attractive products in order to survive in the present environment. 1981-1, NAIC Proceedings

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Universal Life – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ACLI – Universal Life Insurance Back to top B BGA – Benefit Generating Account BGF – Benefit Generating Function Back to top D DIY – Do It Yourself Dynamic Back to top F Fixed Premium Universal Life Funded Plans of Life Insurance (Universal Life) and Annuities – NAIC Back…

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IAIS – Universal Life Insurance The mismatch between the cash flows from assets and liabilities for traditional products like universal life or fixed annuities is due mostly to interest rate risk. (p18) 2018 – IAIS – [GIMAR] Global Insurance Market Report – 72p iaisweb.org/icp-online-tool/13526-icp-15-investments/ – 15.3.4 Nevertheless, close matching of assets and liabilities is often…

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Bankassurance 21 There are various definitions of bankassurance. By focusing on production, a bankassurer can be defined as a financial group or conglomerate that includes both bank credit origination and insurance underwriting. But bankassurance can be limited to distribution agreements only in which a bank merely distributes third-party insurance products in a contractual agreement with…

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Ambac – American Municipal Bonds Corp. Ambac – American Mutual Bond Assurance Company 2008 Financial Crisis Kim Shaul – FCIC – Interview Surplus Notes Settlements with Banks ambacpolicyholders.com/ Legal Cases ambacpolicyholders.com/ 17 Ambac filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code on 8 November 2010 2011 11 – IAIS – Insurance and…

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Insurable Interest The notion of insurable interest dates back to the Middle Ages and it was English common law until the Life Assurance Act of 1774. In that Act the Parliament of Great Britain sought to prevent the abuse of life insurance and differentiate  it from gambling or purely speculative behaviour. It specifically “prohibited the…

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1995-1 ATTACHMENT ONE-A NAIC CONSUMER INFORMATION RESEARCH PROJECT March 13, 1995 It would be most useful if the updated illustration was designed to fit the needs of the policy owner. The insurer won’t have this information. 1995-1, NAIC Proceedings

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