-Copy – ACLI – Documents sec.gov/comments/s7-14-08/s71408-1875.pdf 1970s 1976 0909 – Letter – ACLI to NAIC – RE: Proposed Changes to the NAIC Model Variable Life Insurance Regulation – 1976-1 – NAIC Proceedings – p623- p41 – The most obvious, though not necessarily accurate, basis of comparison of policies of the same initial or minimum face value is…

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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 1980s 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…

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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 2020 0107 – WSJ – It’s the Hottest Thing in Life Insurance. Are Buyers Aware of the Risks? Regulators worry insurers are underplaying the dangers of a product tied to the performance of the U.S. stock market, by Leslie Scism – [link] One concern is that existing consumer materials “can lead…

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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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