Archive for August 2023
Product Regulation
Product Regulation 2001 – SOA- Insurance Product Regulation—A World Tour, part 1 of a four-part series on insurance product regulations around the world, by Yiji S. Starr – 5p
Read MorePremium Calculation
Premium Calculation PVFB=PVFP Ratebook Plan of Insurance When it offers a plan of insurance for a specified premium it does so on the basis of an expected level of mortality, interest, withdrawal, expense and taxation in the future. It also recognizes that the future experience levels will vary from those expected at issue through statistical…
Read More2008 Financial Crisis – TDI – Texas Department of Insurance
2008 Financial Crisis – TDI – Texas Department of Insurance Doug Slape – Chief Deputy Commissioner of the Texas Department of Insurance 2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel — [BonkNote] — 337p A7: Securities lending at AIG47…
Read MoreWachovia
Wachovia – LC – Wachovia Preferred Securities and Bond/Notes Litigation – Amended Consolidated Class Action Complaint – 180p Pick-A-Pay Mortgage Portfolio, Great West, World Savings, Herbert Sandler, Marion Sandler Option ARMS nytimes.com/2008/12/25/business/25sandler.html 09 Civ. 6351 Amended Consolidated Class Action Complaint – 180p securities.stanford.edu/filings-case.html?id=103958
Read MoreExamples – Connections
Examples – Connections [Bonk: Contagion-?] In the meantime, a movement was afoot within the life insurance industry led by Metropolitan Life Insurance Company, as well as the securities brokerage industry, to put together an enhanced rehabilitation plan which would raise the crediting rate on the SPDAs from 5.5% to at least 7.5%. This effort was…
Read MoreFortune Magazine
Fortune Magazine 1968 10 – Fortune Magazine – Crisis in National Perception Life Insurance 1984 0305 – Fortune Magazine – A Go-Go Insurer Adds Zest to Life, by Gary Hector
Read More2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance [IUL]
2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance – IUL 2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance — [BonkNote] — [link] “Consumers should avoid IUL because the insurers and agents who sell the product have no obligation to work in the consumer’s best interest.…
Read MoreUILA – Uniform Insurers Liquidation Act
UILA – Uniform Insurers Liquidation Act 1940 – LR – Legislation: The Uniform Insurers Liquidation Act – 12p 1953 – LR – The Uniform Insurers Liquidation Act and Wisconsin Law, by Darrell L. Peck – 10p 1940 – LR – Legislation: The Uniform Insurers Liquidation Act – 12p Corporations doing business in several states have long faced the…
Read MoreHistorian
Historian Q: How Do You Eat An Elephant? … in gaining a life insurance education, one problem does present itself… the basic question is where to begin. (p1) 1961 – Book – Modern Life Insurance, by Robert I. Mehr Hilary was a scholar with a keen eye on history. He could usually tell each speaker…
Read MoreACLI – Groups
ACLI – Groups A couple of ACLI groups have also been studying various aspects of universal life insurance. The Council’s Subcommittee on Cost Comparisons has proposed that cost disclosure requirements for universal life plans be generally similar to those for traditional life insurance plans as provided by the NAIC Model Life Insurance Solicitation Regulation. In…
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