FBI – Federal Bureau of Investigation (p108) – 377. A May 4, 2005, Wall Street Journal article indicated that the Federal Bureau of Investigations had begun conducting criminal probes of accounting at insurance companies, including AIG. That article read, in relevant part: FBI field officers congregated in Washington, D.C., last week to discuss the topic…

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Mafia Organized Crime As chairman of the Unauthorized Insurers Subcommittee and a member of the Valuation of Securities Committee of the National Association of Insurance Commissioners, I can report to you that the NAIC is aware of and deeply concerned with the known infiltration of Mafia and underworld characters into the insurance industry … (p50…

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NGA – National Governors Association nga.org 2018 0227 – (NGA) – National Governors Association to GOV (House Committee on Oversight and Government Reform) – On Federalism Implications of Treating States as Stakeholders – 5p Regarding federal preemption, governors recognize the need for federal intervention should states fail to act collectively on issues of legitimate concern. Preemption…

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LifeHappens lifehappens.org LIFE, a non-profit organization founded in 1994 by representatives of seven life and health insurance agent organizations in the United States and Canada, was formed to address the growing need to educate the public regarding the benefits of life and health insurance and the value-added role of the agent/advisor.  —  David F. Woods,…

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ERISA – Employee Retirement Income Security Act of 1974 dol.gov///erisa Pacific Lumber, Executive Life Lockheed, Athene PBGC – Pension Benefit Guaranty Corporation Guaranty Fund 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…

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IIC – International Insurance Council 2002 0711 – InsuranceJournal – IIC Votes to Dissolve – Mission Accomplished – [link] (p9) – The International Insurance Council is the organization through which U.S. insurers address international trade matters. The Council is needed because each major sector of U.S. insurance, life insurance non-life insurance and reinsurance, has separate national…

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IASB – International Accounting Standards Board ifrs.org/groups/international-accounting-standards-board/ Life Committee of the IASB 1986 – AAA – American Academy of Actuaries – Yearbook – 406p 1986 – SOA – American Academy of Actuaries Committee on Principles and Practices for Dividends and Other Non-Guaranteed Elements – 22p 1987 – SOA – Status Of The Valuation Actuary In…

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Council of Economic Advisors 2011 – Economic Report of the President – Obama – [link] (p120) – The high cost of conducting that search reduces competition and may result in prices that are higher than the competitive level. One effective way to reduce search costs is through information systems that assist consumers in comparison shopping. In…

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ACLI – American Council of Life Insurers ACLI – Index ACLI – Legal Cases ACLI – Government ACLI – NAIC – 1980s ACLI – Snippets Benefits – ACLI Systemic Risk – ACLI 1975 The Institute of Life Insurance and the American Life Insurance Association merge to become the American Council of Life Insurance. The headquarters…

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