Bonk

Letter – ACLI 2019 0917 – LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Proceedings (Fall, 6-77) – Cost of Insurance – [BonkNote] Richard Wicka (Chair – WI): This is probably more for the Universal Life Products, but how do we want to capture the concepts like Cost of Insurance and other fees in…

2008 – AIG – Sandbox 2008 0807 – Moody’s – Global Credit Research Rating Action – Rating Action: American International Group, Inc. – Moody’s reiterates negative outlook on AIG; US life ops negative AIG SunAmerica funding agreement-backed note programs — AIG SunAmerica Global Financing Trusts, ASIF I & II, ASIF III (Jersey) Limited, ASIF Global…

Sales of Insurance Companies / Blocks of Business National Financial of Waco was attracted to the $63.8 million block of policies that included the Eplands’ because Texas regulations allowed the company to reduce the reserves needed to cover claims arising from those policies by $18 million, a stroke of accounting magic that created more than…

CC – 1993 When and 2005 Military and 2022 Current Issues in Insurance Many insurance companies even have a way to get a consumer’s money without the consumer ever knowing about it. Most policies have a clause that allows the company, without telling the policyholder, to dip into the savings component of their life insurance…

ADD – AIG (p48) – Carolyn Maloney (D-NY) – So if Financial Products was walled off and allowed to fail, the insurance portion would be safe and sound, and going forward, is that correct? Joel Ario (NAIC – PA – Insurance Commissioner) – Yes, the assets would be there and would be protected. 2009 0318 -…

AIG v Executive Life Insurance Company 1991-1, NAIC Proceedings – 10. Special Report on Executive Life Companies Jim Schacht delivered a special report on the Executive Life Companies. He reported that since January 1990 a special committee has been addressing the situation with regard to Executive Life Insurance Companies. It was noted that the financial evidence…

Dots – NAIC – Working Groups – 2013 Forward 2. Ensure customer awareness of the likelihood for variability of returns; — ACLI Letter 2014-, NAIC Proceedings 2017 1106 Life Insurance Buyer’s Guide (A) Working Group Conference Call Attachment Four Life Insurance and Annuities (A) Committee Brenda Cude (University of Georgia) said the issue of…

NAIC – Life Insurance Information – BonkNote (p14) – Terri Vaughan – (NAIC, CEO / IA): So what we try to do is educate consumers about the critical importance of this issue. We spend a lot of money on consumer education. We created a Web site, Insure U Web site, for consumers to go to…

NAIC – Life Insurance Info – Add NAIC Be Sure You Can Afford the Premium Payments Before purchasing a life insurance policy, be sure that you can afford the cost. Can you afford the initial premium? If the premium increases later, will you still be able to afford it? Legal Cases Blumenthal v New York…

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Letter – ACLI

2008 – AIG – Sandbox

Sales of Insurance Companies / Blocks of Business

CC – 1993 When and 2005 Military

ADD

AIG v Executive Life Insurance Company

Dots – NAIC – Working Groups – 2013 Forward

NAIC – Life Insurance Information – BonkNote

LIBG – Life Insurance Buyer’s Guide – Lawsuits