2011 0301 – DOL – 1210-AB32 – ACLI – Testimony – Hearing on Definition of Fiduciary – Investment Advice – 9p 2011 0301 – DOL – 1210-AB32 – ACLI – Hearing on Definition of Fiduciary – Investment Advice  —  [BonkNote] —  9p We share the Department’s interest in seeing that plans and participants who seek out and are promised…

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2024 0102 – ACLI to GOV-DOL / EBSA – 40p 2024 0102 – ACLI to GOV-DOL / EBSA – Subjects: Retirement Security Rule: Definition of an Investment Advice Fiduciary (RIN 1210-AC02); Proposed Amendment to Prohibited Transaction Exemption PTE 84-24 (Application No. D-12060); Proposed Amendment to Prohibited Transaction Exemption PTE 2020-02 (Application No. D-12057) – 40p…

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ACLI – Amicus Briefs 1981 – ACLI – Amicus Brief – Aetna v Mitchell (WI Insurance Commissioner) – 32p  1989 – LC – Firestone Tire & Rubber Co. v. Bruch., No. 87-1054., Supreme Court of United States. 489 U.S. 101 – [link-Google-Scholar] Argued November 30, 1988, Decided February 21, 1989 Appeals for the Third Circuit…

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ACLI – Membership – Companies acli.com/about-acli/membership/member-list AEGON USA AGC Life Insurance Company Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America Amalgamated Life Insurance Company American Equity Investment Life Insurance Company American General Life Insurance Company American Income Life Insurance Company American-Amicable Life Insurance Company of Texas Americo Financial Life…

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1980s – ACLI – Snippets 1. Heard report by ACLI concerning life insurance cash flow and liquidity problems caused by recent financial instability.  The report noted: (a) High interest rates caused cash outflow. (b) Forward investment commitments have been a source of cash drain while anticipated cash inflows have not materialized. (c) Few companies have…

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ACLI – CDS – Credit Default Swaps (p33) – Brad Sherman (R-CA) – Who can comment on why we wouldn’t regulate credit default swaps as an insurance product? Gary HUGHES, ACLI –  Personal opinion, it is a form of financial guaranty insurance. I think it probably should have been in a monoline company and not…

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ACLI – Annuities 2007 – ACLI – ACLI Disclosure Initiative for Fixed, Index and Variable Annuities: Constructive Change on the Horizon, Carl B. Wilkerson – 75p 2007 – ACLI – Annuity Disclosure Templates: guidelines and instructions for life insurers on how to prepare disclosure documents for fixed, index, and variable annuities – 48p GENERAL GUIDELINES FOR…

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ACLI – 2020s – Snippets TPAs and MGAs – We also question the usefulness of collecting information concerning MGAs and TPAs. Insurers are ultimately responsible for the actions of these entities, who can provide a wide variety of services. 2020 0821 – Letter – ACLI to NAIC (MCASWG – Market Conduct Annual Statement Blanks Working…

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ACLI – 2010s – Snippets 2011 0422 – WSJ – AIG Tries to Sell Death-Bet Securities, By Leslie Scism – [link] The new wrinkle of securitization arose in the market’s boom years before the financial crisis. Just as Wall Street banks bundled mortgages to make mortgage bonds, financiers looked into bundling hundreds of life-insurance policies into…

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ACLI – 2000s – Snippets Today, life insurers compete directly with non-insurance financial services institutions, such as banks and mutual funds.  (p12) —  William B. Fisher, Vice President And Associate General Counsel, Massachusetts Mutual Life Insurance Company, On Behalf of the American Council Of Life Insurers  (ACLI) 2001 0621 – GOV (House) – Insurance Product…

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