Project – NAIC – Snippets – 2015 2015 0329 – NAIC Proceedings – LIAC, Life Insurance and Annuities (A) Committee Appointed a New Working Group to Revise the Life Insurance Buyer’s Guide. Ms. Matthews said the Committee has a 2015 charge to review and consider revisions to the Life Insurance Buyer’s Guide (Buyer’s Guide) in…

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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…

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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/

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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…

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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…

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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 -…

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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>

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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…

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