Regulatory
2020s – NAIC – Insurance Commissioners – Snippets
2020s – NAIC – Insurance Commissioners – Snippets 2020 0107 – WSJ – It’s the Hottest Thing in Life Insurance. Are Buyers Aware of the Risks? Regulators worry insurers are underplaying the dangers of a product tied to the performance of the U.S. stock market, by Leslie Scism – [link] ⇒ One concern is that existing…
Read MoreLIRP – Life Insurance Retirement Plan – Insurance Regulators
LIRP – Life Insurance Retirement Plan – Insurance Regulators 2002 0826 – Arizona – Allmerica Financial Life Insurance and Annuity Company – NAIC #84824 – Report of Examination of the Market Conduct Affairs of State of Arizona – Dept. of Insurance – 68p MetLife – Nurses Retirement Savings Plans MetLife – 50/50 Plan [2002 – Arizona – Allmerica…
Read MoreAnti-Trust
Anti-Trust When I read the program information, I was struck by the antitrust disclaimer that we have at the front of the program. I want to read that disclaimer to you. It says, “Under no circumstances shall meetings or programs be used as a forum for representatives of competing companies and/or firms to reach any…
Read More1996 – Report of The Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America – 270p
1996 – Report of The Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America – 270p 1996 – Report of The Multi-State Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America — [BonkNote] — 270p (p8) – 33 percent of the…
Read MoreLapse Rate
Lapse Rate Lapse Military 1871-1, NAIC Proceedings, (fka National Insurance Convention) — [BonkNote] — 233p (p175) – Letter – From E. W. Peet, Secretary of the National Life Insurance Company of the United States To the Committee of the National Insurance Convention, having in charge the rate of mortality and rate of interest for the calculation of…
Read More2010s – NAIC – Insurance Commissioners – Snippets
2010s – NAIC – Insurance Commissioners – Snippets Writing in our pages in February, former New York Insurance Superintendent Eric Dinallo said that “policyholders would have been protected” in the event of an AIG bankruptcy. That seemed clear enough, but then Mr. Dinallo immediately added that an AIG bankruptcy “would have been bad for those…
Read More2000s – NAIC – Insurance Commissioners – Snippets
2000s – NAIC – Insurance Regulators – Snippets (p81) – Thomas Foley said the working group had been charged to make amendments to the Life Insurance Disclosure Model Regulation – (Attachment Three-A) to be consistent with the Life Insurance Illustrations Model Regulation adopted in 1995. (p83) – Thomas Foley said that for a variable product,…
Read More1990s – NAIC – Insurance Commissioners – Snippets
1990s – NAIC – Insurance Regulators – Snippets 1991 0717 – NAIC Testimony – Terence Lennon, New York Department of Insurance – 17p (p4) – Individual Products The most important feature of the new individual products was the unbundling or separation of the fund accumulation from the mortality function. In this way the consumer could be shown his…
Read MoreOrderly Resolution Authority
Orderly Resolution Authority Orderly Liquidation Authority fdic.gov/resources/resolutions/resolution-authority/index.html AIG’s problems “highlight the need for a resolution authority with the power to manage the orderly restructuring of a large, complex, non-bank financial institution that poses a threat to the stability of our financial system,” Geithner said. 2009 0324 – ThinkAdvisor – Geithner To Ask For More Powers,…
Read More1980s – NAIC – Insurance Commissioners – Snippets
1980s – NAIC – Insurance Regulators – Snippets The FTC efforts to deter state action on life insurance cost disclosure, under the guise of assisting the states, when in fact, the game plan was to initiate an FTC regulation on the basis that the states failed to act, might be described as a federal fraud.…
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