Policy – [BonkNote]

Policy Summary – Cover Page – 1 page Missouri – In re: General American Life Insurance Company Sales Practices Litigation. Appellate Case: 03-3517 Page: 1 Date Filed: 12/06/2004 Entry ID: 1841122 – 13p No. 03-3510 – Charles Kenneth Knouse No. 03-3516 – Patricia S. Palashoff One Pennsylvania trial court has stated that, at least in the…

Life Insurance Policy Language Simplification Standards Task Force – NAIC Life and Health Insurance Policy Language Simplification Act (#575) 1978 Proc. II 298-302 (adopted)

Policy Transfers “These policy transfers treat policyholders like commodities, trading them like baseball cards,” Mr. Metzenbaum said in a statement. The acquiring companies are often “in such poor financial shape that they couldn’t attract policyholders but had to buy them wholesale, without their consent.” [Senator Howard Metzenbaum (D-OH)] 1994 0328 – NYT – Transfers By…

Informed Policymakers We believe it is very important for the subcommittee, and other committees in Congress with jurisdiction over insurance, to have a sound understanding of how our industry operates… …, I would like to focus my remarks this morning on why the ACLI believes that the new Federal Insurance Office, FIO, is an extremely…

IPAC – Insurance Policy Advisory Committee – FRB federalreserve.gov/aboutthefed/ipac.htm IPAC Collins Amendment Working Group

Q: Would AIG Policyholders Been Fully Protected? 2009 0318 – American International Group’s Impact on the Global Economy: Before, During, and After Federal Intervention – (CSPAN) Federal Aid to AIG Insurance, CEO Testimony – 380p ⇒ Policyholder Protection (p24) – Paul Kanjorski (D-PA): And I know you are here for the National Insurance Commissioners, but could you…

Monetary Policy 1968 0508/0509/0515/0516 – GOV (JEC) – Standards For Guiding Monetary Action. William Proxmire (D-WI) – [PDF-319p] Joint Economic Committee Statement of Orson H. Hart, Vice President and Director of Economic Research, New York Life Insurance Co. – (p171- (p172) – I will offer a few comments later on the relation of fiscal to…

Policy Categories – Blurry ROLAND R. ROSE: Is your particular first-to-die product a universal life or a par whole life design? MICHAEL J. ROSCOE: Depending on who you talk to, it’s an interest-sensitive whole life or a fixed premium universal life, but it’s not a par whole life policy. 1991 – SOA – Product Update -…

Dots – Policyholder Runs No Runs on Life Insurance Run – Examples 2015 1119 Oversight of FSOC – Wagner [Have there ever been Runs on Life Insurance Companies? Yes] 1991 – FRB – Monetary Policy and Open Market Operations During 1991 – 123p Many life insurance companies had been hurt by declining real estate values, as…

Problem – Policyholder Expectations The most obvious is if we fail policyholder expectations, we may have policyholder suits. — Larry R. Robinson, Chairman of the ACLI Subcommittee on Cost Comparisons 1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p Blumenthal v New York Life – Deposition – Pay Premium What I noticed…