Regulatory
Orderly 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.…
Read More1970s – NAIC – Insurance Commissioners – Snippets
1970s – NAIC – Insurance Regulators – Snippets (p1501) – John Durkin, New Hampshire Insurance Commissioner: As a starting point, there is little regulation of the life insurance industry by the States. The States do little with respect to life insurance regulations for many reasons, mainly because there are very few problems with complaints over…
Read MoreUnsafe and Unsound
Unsafe and Unsound The Crisis arose because the Government extended a 100% Guarantee on most Thrift Deposits without taking commensurate measures to prevent unsound banking practices likely to lead to losses. 1990 – AP – The Savings-and-Loan Crisis Causes and Remedies, by Dalton Leonard Anderson – 203p
Read MoreProduct Regulation
Product Regulation 2001 – SOA- Insurance Product Regulation—A World Tour, part 1 of a four-part series on insurance product regulations around the world, by Yiji S. Starr – 5p
Read More2018 – Book – Statutory Valuation of Individual Life and Annuity Contracts
2018 – Book – Statutory Valuation of Individual Life and Annuity Contracts 2018 – Book – Statutory Valuation of Individual Life and Annuity Contracts | 5th Edition — by Donna Claire, Lombardi and Summers (p323) – 14.4 Universal Life Insurance Model Regulation Flexible premium products introduce special valuation problems using traditional methods in that some…
Read MoreStates – Regulators
States – Regulators
Read MoreInsurance Regulation – Purpose
Insurance Regulation – Purpose Policyholder Protection Solvency of Companies PRELIMINARY COMMENT: The principal goal of insurance regulation has always been to prevent insurer insolvencies. It is pursued in various ways. 1969 0821- Wisconsin – 1969 Senate Bill 525 – Chapter 646 – Insurance Security Fund
Read MoreInsurance Regulation – Walker vs. LSW
Walker v LSW – Insurance Regulation 2011 – LC – Walker v LSW – 2:10-cv-09198 – Document 104 – Filed 09/29/11 re: California Insurance Commission – Complaints Mr. Shapiro: Yes, your honor. And on this one I think I do need to clarify. There’s a fairly rigid process with the department of insurance here in…
Read MoreSafety and Soundness
Safety and Soundness Safety and Soundness v. Consumer Protection Twin Peaks (p3) – Barney Frank (D-MA) – I was told by one of the regulators, well, we can do regulation of consumer protections under our power to enforce safety and soundness on the banks, the argument being that a bank that does not treat consumers…
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