1984-1
- The changes in the nature of the insurance industry over the past several years, both in terms of product diversification and asset diversification, has created considerable stress on the regulatory control mechanisms.
- Some of the symptoms of the problem are:
- 2. Increased leveraging of insurance companies through long-term interest rate guarantees on an increased scale. (p265-266)
1984-1, NAIC Proceedings - Valuation of Assets and Liabilities
- Indeed, new industry products, such as universal life insurance, demand record keeping systems which approach a level of sophistication not witnessed before. (p352)
1984-1, NAIC Proceedings
3b. Whole Life Insurance Plans With No Cash Surrender Value
- This is the development of a proposed revision of the Standard Nonforfeiture Law for Life Insurance to provide for plans with paid-up nonforfeiture values but no guaranteed cash surrender values. so as to allow a whole life insurance policy with no investment feature.
- Study indicates this is not feasible now.
- Recommend disposal of this project. (p454)
1984-1, NAIC Proceedings
- Retrospective methods seem to be better suited to certain newer life insurance plans, such as universal life plans, where it is difficult to place a value on future benefits that would be provided.
- This method needs particular consideration with respect to minimum nonforfeiture values.
- For this reason Recommendations IX and XII are presented. (p454)
1984-1, NAIC Proceedings