Questions – Page 2

Q: What is the NAIC? Trade Group or Standard-Setter? 2011 1219 – ThinkAdvisor – Is the NAIC a Trade Group or Official Standard-Setter?, By Elizabeth Festa & Arthur D. Postal – [link] The National Association of Insurance Commissioners Tuesday plans to announce an initiative to brand itself as a “standard-setting organization” rather than a trade group–a…

FRB – Federal Reserve – Questions 05:30 PM – 06:00 PM Reception: Federal Reserve System Bank Supervision Insurance Conference, Location: Cafeteria – p614 of 696 governmentattic.org/2docs/FedReserve_BloombergFOIA_1998-2008.pdf

Q: What Do They Mean? – Government Hearings (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? ⇒ Because if they are, then our serious consequences for economic structure are way out of line. 2015…

Actuarial – Questions We designed commission rules that anticipated a relatively large number of rollovers of existing policies;. ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy. — Phillip B. Norton, not a member of the Society, is Vice President of The Lincoln National…

Q: What Do They Mean? (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? ⇒ Because if they are, then our serious consequences for economic structure are way out of line. 2015 1208…

Q: How Do You Know? (p222) – Chair Elizabeth WARREN. And how exactly—you know this is—you weren’t there—I wasn’t there. This is a crazy conversation to have. 2010 0526 – COP – Hearing – TARP and Other Government Assistance for AIG – [PDF-241p] — [BonkNote] 2010 0701 – FCIC – Hearing – 2008 Financial Crisis and Derivatives,…

Q: Does Anyone Know Anything? (p87) – Gustavus Smith (Kentucky – Insurance Commissioner): We have got a vast deal to learn. While on this subject, I may allude to what I consider the great trouble in life insurance. It is, in my opinion, an undoubted fact that educated, intelligent, influential business men of this country, as…

Questions – AIG What Part of AIG did Mark Hutchings Work for?

Q: Guaranty Fund – Who Pays? Ultimately the public pays for everything. — Eden Safarty (President / NOLHGA – National Organization of Life and Health Insurance Guaranty Associations): 1991 0227, 0507, 0509, 0523 – GOV (Senate) – Insurance Company Solvency, aka Insurance Company Insolvencies – [PDF-369p-GooglePlay] ->Not on govinfo.gov – 0509-VIDEO-CSPAN] (p186) – Senator Howard Metzenbaum (D-OH).…

Q: What Do Agents Say to Consumers? The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Sales Process Some of the comments that we have heard from regulators about the illustration situation suggest…