Projects
Project – NAIC – Snippets – 2014
Project – NAIC – Snippets – 2014 2014 2014 0114 – NAIC Proceedings LATF CC – RE: IULISG – Indexed Universal Life Illustrations Subgroup John Bruins (American Council of Life Insurers – ACLI) said there are a wide range of practices in the area of policy illustrations, particularly for indexed universal life (UL) policies. 2014…
Read MoreProject – Complaints
Project – Complaints Complaints Teresa Winer (GA) asked if it would be useful to ask states whether they have received consumer complaints about the summaries. Richard Wicka (Chair – WI) said that it would be helpful to have that kind of information but that he is not sure it would be possible to track down…
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Projects Projects – Index Sandbox Sandbox – Projects Sandbox – Video Legal Cases MDL – Excel SEC – Annual Reports sec.gov/about/annual_report/1946.pdf A / V Information Requests – FOIA WC http://www.monybush.com/
Read MoreProject – AIG vs Executive Life
Project – AIG vs Executive Life Company Investments – Regulator Knowledge Executive Life Regulators’ efforts to limit junk bond holdings and restrict unacceptable reinsurance were not effective in stemming the solvency problems of the four insurers. Regulators did not know about the quality Dr value of the insurers’ junk bond holdings and did not have…
Read MoreProject – Mis-selling
Project – Mis-selling
Read MoreProject – Run
Runs – Project –Testimony of Martin Neil Baily and Robert E. Litan (Brookings Institute) Large troubled life insurers can also generate systemic risks if policyholders run to cash out their life insurance policies…. (p93) 2009 0506 – GOV (Senate) – Regulation and Resolving Institutions Considered “Too Big to Fail”- PDF-121p Moreover, if you look at…
Read MoreSandbox
Sandbox 1978 – Federal Trade Commission (FTC) – Life Insurance Buyer’s Guide – 12p 1983 – ACLI Revised Draft Life Insurance Buyers Guide, letter and Disclosure Model Regulation – 1983-1 523 – 27p 1993 – NAIC Life Insurance Buyers Guide – 5p – From Government Hearing. “When Will Policyholders Be Given the Truth About Life Insurance” 1996 -…
Read MoreSandbox – Video – Worldview
Project – Video – Worldview The head of the prudential regulator APRA testifies at the Banking Royal Commission From <https://www.youtube.com/watch?v=nf_Lk_GjOQk> Misconduct: 48:00 Chicken and Egg Problem: 50:00 Culture/ remuneration Structure: 51:00 =====Ex: Universal Life, 1980’s, people will be forced to sell it. Gabriel Bernardino – Systemic Risk in the Insurance Sector From <https://www.youtube.com/watch?v=WsZtqh9_n0Y>
Read MoreSandbox – Video – Academic
Project – Video – Academic Video: Exam MLC Problem 297 “Learning Objective “Universal Life.” Question: Calculate the Level Annual Premium that results in an account value of 0 at the end of the 20th year.” – UW- Madison / SOA – <Bonk: Goal: use a Universal Life policy to design a 20-year term policy https://www.youtube.com/c/mitocw/search?query=life%20insurance BCC EducationLLQP Video…
Read MoreLegal Cases – Video – Sandbox
Project – Video – Legal Cases Legal Cases – Videos -Snippets Legal Cases – {Audio} {Video} Ethical standards for insurers? | Deposition Video | Doyle Raizner LLP Nichols vs. Mid-West National Life Insurance https://www.youtube.com/playlist?list=PLU-Q5aFlVyvnV8Ao8nsaAhrW1z0SymAK4 Mid-West 30b6 Deposition Linton Checka PART 3 27:50 Application, agent means nothing 28:41 I rely on the applicant Why was this…
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