NAIC
MetLife – NAIC
MetLife – NAIC 1981-1, NAIC Proceedings (p663) – Statement of Charles Greeley, Chairman Advisory Committee on Monitoring the Impact of the NAIC Model Life Insurance Solicitation Regulation 1. Need for Consumer Motivation – The single most important need for improvement in the 1976 Model, in the opinion of the advisory committee, is to improve the…
Read MoreACLI to NAIC
ACLI to NAIC 1970s 1976-1, NAIC Proceedings – 1976 0909 – ACLI – RE: Proposed Changes to the NAIC Model Variable Life Insurance Regulation – p623- 1979-2, NAIC Proceedings To: The NAIC Life Insurance (C3) Cost Disclosure Task Force From: The American Council Of Life Insurance (ACLI) Date: May 25, 1979 Re: The Report of…
Read MoreNAIC – Walker vs. LSW
NAIC – Walker v LSW (p29-30) – Dr. Patrick Brockett Q When you were offering that statement, you don’t actually know what the NAIC regulations require or preclude in terms of what could be disclosed; do you? MR. BROSNAHAN: Objection, Your Honor, as to what the NAIC — THE COURT: Overruled. THE WITNESS: I don’t…
Read MoreQ: Should the Insurance Industry Be Looked At?
Q: Should the Insurance Industry Be Looked At? It is hard to fix a system that has not been analyzed. (p14) — J. Robert Hunter (CFA) 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – [PDF-123p, VIDEO-?] My staff has conducted a major investigation of these issues. I must say today…
Read MoreReceivership
Receivership Courts Dodd-Frank FDIC NAIC Receiver’s Handbook for Insurance Company Insolvencies for Qualified Financial Contracts Troubled Companies 2023 04 – NAIC – State Insurance Receivership Priority Act – Federal Priority Act – 1p UILA – Uniform Insurers Liquidation Act 1940 – LR – Legislation: The Uniform Insurers Liquidation Act – 12p Although there has been a vast…
Read MoreQ: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle?
Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle? Life Insurance as an Investment LIRP/ SLIRP – Life Insurance Retirement Plan LIRP – Life Insurance Retirement Plan – Index MetLife 1990s FSOC I didn’t buy a Life Insurance Policy SOA – Looks like an Annuity Walker vs.…
Read MoreQ: What is the NAIC – National Association of Insurance Commissioners?
What is the NAIC? It is unprecedented that the Federal Government would give such power to a private trade association—I repeat, a private trade association—or to what NAIC immediate past resident Walter Bell of Alabama in an April 9, 2007, letter called: ‘‘a 501(c)(3) nonprofit corporation with voluntary membership and not a State government entity.’’…
Read MoreNAIC – Liquidity
Liquidity – NAIC Liquidity Assessment (E) Subgroup – NAIC – Current Life Liquidity Risk Working Group – NAIC – 2000 previously been assigned to the Life and Health Actuarial Task Force content.naic.org/sites/default/files/inline-files/cmte_ex_lasg_exposure_narrative_stress_testing.pdf
Read MoreEyes
Eyes Terri Vaughan (NAIC CEO): So it is a very collaborative system, and I will say it has not always been that way. This is something that has taken us years to get to. And the NAIC has staff support that helps to make sure that that collaboration occurs when it needs to occur. 2011 0914…
Read MoreNAIC – International
NAIC – International International Insurance Relations Committee – NAIC ComFrame Development and Analysis (G) Working Group – NAIC – (disbanded) 2008 – NAIC – International Report – Issue No. 32-33 September – December. 2008 – 18p Vietnam Additionally, NAIC market conduct experts provided an explanation of agent professionalism, which included licensing, training, administrating and requirements for agents who…
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