Regulatory – Page 11

Corridor Chairman Pete STARK (D-CA): Or, on the other hand, do you think we should get into more of the definition, as Mr. Gregg suggested we did in TEFRA, where we spell out percentages of cash value to face value? <Gregg, Thomas, National Association of Life Underwriters..> (p328) 1983 0510, 0511 and 0728 – GOV…

Deregulation It is an exciting time in the financial services industry today. Banks want to sell insurance. Insurance companies want to sell securities. Sears Roebuck wants to sell everything. I will discuss the insurance activities of banks and bank holding companies — Charles Eggleston, not a member of the Society, is a Senior Manager at…

IAIS – International Association of Insurance Supervisors iaisweb.org IAIS – Index IAIS – Documents IAIS – Holistic Framework IAIS – Universal Life Insurance COB – Conduct of Business NTNI – Nontraditional and Non-insurance Corporate Governance AAA – IAIS NAIC – IAIS iaisweb.org//supervisory-material/ Activities-Based Approach (ABA) Behavioral-Based Approach Comframe ComFrame Standards ComFrame Guidance Entity-Based Approach…

Business of Insurance McCarran-Ferguson Business of Insurance Regulatory Reform Act Dodd-Frank Act Michael McRaith 2022 0908 – GOV (Senate) – Current Issues in Insurance – Brown LC – Pireno Liqudation of Insurance Company Relationship Between Company and Insureds Supreme Court 2010 – Book – Regulating the Business of Insurance in a Federal System, By Joseph F.…

Principle-Based Reserving (PBR) REPORT ON THE RESULTS OF THE PRINCIPLE-BASED RESERVING STATE RESOURCE SURVEY Presented to the Principle-Based Reserving Implementation (EX) Task Force of the National Association of Insurance Commissioners NAIC Spring National Meeting Houston, TX April 6, 2013

ASOPS – Actuarial Standards of Practice actuarialstandardsboard.org/standards-of-practice/ Practice Notes One of my concerns is that we have Practice Notes that people may not be looking at, which in a court of law could be used against you. Read the ASOP; read the regulation and get your hands on the Practice Notes and do what the…

NOLHGA – National Organization of Life and Health Insurance Guaranty Associations nolhga.com National Organization of Life and Health Insurance Guaranty Associations NOLHGA was created in 1983 nolhga.com/factsandfigures/main.cfm/location/insolvencies/orderby/date#sort nolhga.com/pressroom/journal.cfm These events, of course, were the reasons that NOLHGA was created (under the auspices of the ACLI). 2006 0803 – DOTT – Remarks of David G. Nason…

Licensing Among the applications refused are those of a New York banker, a railroad conductor, a barber, a foot specialist, a physician , several lawyers, a clergyman – who naively says that while some policies were obtained by him last year “my name was not used ” – and another clergy man, whose authorization the…

Policy Performance ….provide illustrations based on different assumptions. This would serve to demonstrate to the consumer the effect on future benefits of changes in assumptions. STATEMENT ON BEHALF OF THE AMERICAN COUNCIL OF LIFE INSURANCE <ACLI> TO THE NAIC MARKET CONDUCT SURVEILLANCE (EX3) TASK FORCE, June 13, 1988 1988-2, NAIC Proceedings – Walker v LSW -…

Q: What’s the Problem That We Are Trying To Solve? *Robert E. Wilcox: What’s the real problem then, Shane? Shane Chalke: I’ll say before I answer that I don’t have a good answer. 1995 – SOA – Current Developments Surrounding Regulations and Standards of Life and Annuity Products, Society of Actuaries – 18p ⇒ *Robert…