Investments
Derivatives Dealers
Derivatives Dealers 1999 11 – PWG / President’s Working Group – Over-the-Counter Derivatives Markets and the Commodity Exchange Act – 42p A small number of U.S. derivatives dealers are affiliated with entities that are not subject to banking or securities regulation, such as insurance companies, finance companies, and energy companies. (p34)
Read MoreCDS – Credit Defaut Swaps – Insurance
Municipal
Municipal Ambac – American Municipal Bond Assurance Corporation MBIA – Municipal Bond Insurance Association Municipal Bonds Municipal GICs Municipal Securities Rulemaking Board (MSRB)
Read MoreCovered Bonds
Covered Bonds 2010 0915 – GOV (Senate) – Covered Bonds: Potential Uses and Regulatory Issues [PDF-202p, 2010 0915 – Testimony of Kenneth A. Snowden, Associate Professor of Economics, University of North Carolina at Greensboro – 19p Senate – Committee on Banking, Housing, and Urban Affairs On Examining Covered Bonds, Their Potential Uses, and Regulatory Issues
Read MoreFunding Agreements
Funding Agreements A funding agreement is a series of payments that are not contingent upon either mortality or morbidity. — Victor Modugno 2001 – SOA – Floating Rate Funding Agreements, Society of Actuaries – 23p
Read MoreFloating Rate
Floating Rate Summary: Floating rate funding agreements, which have put options or short maturities, became an important product for many insurers in the 1990s. They are usually issued to short-term funds such as money market, securities lending, and buffer funds. The default by General American Life Insurance on $6 billion in funding agreements in 1999…
Read MoreGIC – Guaranteed Interest Contract
GIC – Guaranteed Interest Contract … around 1980, with the growth of 401(k) and defined contribution pension plans, insurance companies entered the guaranteed interest contract (GIC) business. 2005 – SOA – A Strategic Analysis of The U.S. Life Insurance Industry Part II: Products, A look at the evolution and growth of U.S. life insurance industry products,…
Read MoreUnallocated Annuity Contracts
Unallocated Annuity Contracts GICS – Guaranteed Investment Contracts Unallocated annuities are investment plans generally known as Guaranteed Interest Contracts (GIC). http://leginfo.ca.gov/pub/93-94/bill/sen/sb_0401-0450/sb_435_cfa_930902_231103_sen_floor NOLGHA – Policyholder Information – Frequently Asked Questions – [link] 8. Unallocated Annuity Contracts What is an unallocated annuity contract? Under the NAIC Model Act, an unallocated annuity contract is “an annuity contract or group…
Read MoreHedging
Hedging Insurance regulators have heightened this publicity by loosening or clarifying the regulations relating to insurance company uses of options for hedging purposes. 1985 – SOA – Options on Bonds and Applications to Product Pricing, Society of Actuaries – 56p
Read MoreOptions – Investment Strategy
Options – Investment Strategy Insurance regulators have heightened this publicity by loosening or clarifying the regulations relating to insurance company uses of options for hedging purposes. 1985 – SOA – Options on Bonds and Applications to Product Pricing, Society of Actuaries – 56p
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