May 2023 – Page 3 – [BonkNote]

Prudential – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# F FSOC – Determination and Dissents – Financial Stability Oversight Committee – Snippets FSOC – Prudential Insurance Company Back to top I ICP 24 – Macroprudential Surveillance and Insurance Supervision – IAIS Back to top M Macroprudential Macroprudential Initiative – NAIC MDL-1061 – LC – Prudential Insurance Company of America Sales…

1990s – Prudential Insurance Company – Snippets I would say to all of you that if you think that you don’t have any customers or any agents who fail to understand what a nonguaranteed illustration really means, you’re kidding yourself. And if you don’t think that you have customers out there (which means agents also)…

Experience Studies 2014 – SOA – Experience Studies—Understanding the past while planning for the future, Product Matters, by Matthew Dunscombe and Alex Zaidlin, Society of Actuaries – 32p The experience study process serves as a primary foundation of actuarial work. Some of the first known actuarial work used experience study information to solve problems. The use…

SEC – Variable Life – 12% 1996 – NAIC – Variable Life Illustrations Subgroup of the Life Disclosure (A) Working Group – June 2, 1996 Mr. Morse reported that under the current rules, a personalized illustration may be prepared using 0% and 12%. The 12% includes the current morality and expenses and the 0% illustration…

ACLI – IUL 1. Voted to Expose the ACLI and the Alternative Actuarial Guideline for IUL Illustrations Paul Graham (American Council of Life Insurers–ACLI) said the ACLI’s proposed actuarial guideline for indexed universal life (IUL) illustrations (Attachment Eight-A) was approved by a supermajority of members of the ACLI Life Insurance Committee, the CEO Steering Committee…

Separate Accounts Working Group – NAIC 7. Adopted a motion to report to the Separate Accounts Working Group that the task force endorses the reserving approach contained in the March 15, 1998, draft of the Separate Accounts Funding Guaranteed Minimum Benefits Under Group Contracts Model Regulation. 1998-2, NAIC Proc. Google Results – 7 results https://www.soa.org/4937f7/globalassets/assets/library/proceedings/valuation-actuary-symposium-proceedings/1985-99/1994/january/vasp942.pdf…

Innovative Products Working Group – NAIC 4. Adopted the report of the Innovative Products Working Group, which is discussing variable annuities with guaranteed living benefits, equity-indexed products – nonforfeiture and reserving for equity-indexed annuities, including ZZZ Guideline, equity-indexed life products, group flexible premium life products with cash value strategies, and Regulation XXX. 1998-2, NAIC Proc.…

Companies vs. Agents 2000 – LC – Crown Life Ins. Co. v. William Casteel, Agent – 22 SW 3d 378 – Texas Supreme Court – [Google Scholar link] William E. Casteel sold insurance policies as an independent agent of Crown Life Insurance Company. One of the policies sold by Casteel led to a lawsuit by policyholders against Casteel and Crown. In…

Agents vs. Companies 1985 – LC – Glassman v. Metropolitan Life Ins. Co. – 616 F. Supp. 145 – Dist. Court, ND Illinois, 1985 – [Google Scholar link] … Glassman (Glassman) brought this libel action against his former employer, Metropolitan Life Insurance Company (Metropolitan … We wish to inform you that Mr. Ray Glassman no longer represents Metropolitan … …

2007 1030 – GOV (House) – Additional Perspectives on the Need for Insurance Regulatory Reform, Paul Kanjorski (D-PA) 2007 1030 – GOV (House) – Additional Perspectives on the Need for Insurance Regulatory Reform, Paul Kanjorski (D-PA) — [BonkNote] [PDF-180p, VIDEO-Archive.org] – <mp3, mp4> – R NCOIL – Craig Eiland (TX) – 2p Alessandro Iuppa (Former Maine…

Archive for May 2023

Prudential – Index

1990s – Prudential Insurance Company – Snippets

Experience Studies

Separate Accounts Working Group – NAIC

Innovative Products Working Group – NAIC

2007 1030 – GOV (House) – Additional Perspectives on the Need for Insurance Regulatory Reform – Paul Kanjorski (D-PA)