December 2022 – Page 5

Conspiracy https://www.lieffcabraser.com/pdf/muni-joint-complaint.pdf As has been said by the chairman and several of the members in opening statements, the taxation of life insurance companies are some of the most complex and least logical provisions in the tax law today. The present provisions were adopted in 1959, and we quote I think a very apt statement by…

Books – GooglePlay 198 – GOV (Senate) – https://books.google.com/books/about/Corporate_Takeover_Legislation.html?id=0BQQAAAAIAAJ

GICs – Monolines 1998 – SOA – Credit Enhancement of Guaranteed Investment Contracts and Funding Agreements, Society of Actuaries – 14p

Eric Dinallo vs Capital in Monolines / AIG (p220) – Eric Dinallo – So I do think that essentially the rating agencies and the counterparties missed this. And they believed that in the trillion dollar balance sheet of AIG– Chairman Angelides: Somewhere, somehow, there would be money. Eric Dinallo: Like it would in a monoline. There’s tons of…

Univoisal Life Insurance 1982 – SOA – Programs to Conserve Traditional Life Insurance Policies, Society of Actuaries – 18p George R. Dinney: ….the Flexible Premium nonpar policy has already been challenged by regulatory authorities on the grounds that the difference between the guaranteed premium and the current experience premium is a policy dividend. Let us agree on…

CMO – Collateralized Mortgage Obligations REMIC – Real Estate Mortgage Investment Conduit 1987 – SOA – Sources of Capital for Investment and New Business, Society of Actuaries – 42p 1987 – SOA – New Investments and New Investment Strategies, Society of Actuaries – 48p 1990 – SOA – Session 10 – Panel: CMO and Other Asset Projections, vasp0160,…

Actuarial – Snippets Actuarial – Snippets – 1950s Actuarial – Snippets – 1970s Actuarial – Snippets – 1980s Actuarial – Snippets – 1990s In a paper read before the insurance commissioners in June last Mr. D. P. Fackler said: Many have grave fears of bad results if the largest companies are allowed to continue to…

Times Have Changed Times have changed. — William T. Tozer, ACLI 1981 – SOA – Individual Life Insurance Cost Disclosure Issues, Society of Actuaries – 22p (p53) – The life insurance sector, while safe and quite boring in the past, has changed meaningfully during the past two decades from a financial stability perspective. 2021 06 -…

Asset Management 1981 – SOA – Asset Management for an Insurance Company, Society of Actuaries – 14p

Q: What is Systemic Risk? (p45-46) – Secretary Geithner: For two reasons: Because it was systemic and because it was an option for doing so. So if it needed both, okay — if it wasn’t systemic, we would have been indifferent to it. If it was systemic but we had no option, we wouldn’t have done it.…