Regulatory – Page 5

CARVM – Commissioners Annuity Reserve valuation Method This was introduced at the December 1976 NAIC meeting, at which time the Commissioners Annuity Reserve valuation Method (CARVM) was defined for the first time. 1978 – Individual Annuities, Society of Actuaries – 16p

ICPs – Insurance Core Principles – IAIS iaisweb.org///icp-on-line-tool ICP 18 – Intermediaries – IAIS ICP 19 – Conduct of Business (COB) – IAIS ICP 24 – Macroprudential Surveillance and Insurance Supervision – IAIS federalreserve.gov/// Table 2. Public consultations related to ICP and ComFrame revisions, 2017-18

ICP 18 – Intermediaries The supervisor sets and enforces requirements for the conduct of insurance intermediaries, in order that they conduct business in a professional and transparent manner. — ICP 18 – Intermediaries –

Fair Consumer Outcomes GFIA – Global Federation of Insurance Associations: In addition, GFIA is concerned that the meaning of “fair treatment of consumers” may be considered different from, or in addition to, legally prescribed standards. Companies may exceed those standards voluntarily, but supervisors should define “fair treatment” solely in terms of the legally established standards…

2009 1231 – Examination Report of AGC Life Insurance Company – Missouri 2009 1231 – Missouri – Examination Report of AIG – AGC Life Insurance Company — [BonkNote] — 25p Filed 2011 0520 The current full scope financial examination covers the period from January l, 2007, through December 31, 2009 John Huff, Commissioner (p2/6) – AGC…

Mortality Tables T’he mortality table is the instrument by means of which are measured the probabilities of death and survival. 1940-Supplement NAIC Proceedings – It should be remembered that the CET Table was prepared to enable companies to charge a proper rate for extended term coverage. — Elgin R. Batho 1961 – DIGEST OF SMALLER…

ICS – Insurance Capital Standards – IAIS 2015 – IAIS – IAIS Capital-related Stakeholder Meeting – 83p Feedback from 2014 field testing Mainly concerns with volatility and harm to the long term nature of insurance business Additional feedback received from industry Long duration discount rates should not be extrapolated from extremely limited tenors Use more stable…

Basel bis.org/basel_framework/ 2011 06 – Basel III: A global regulatory framework for more resilient banks and banking systems, December 2010 (rev June 2011) – 77p This standard has been integrated into the consolidated Basel Framework: bis.org/basel_framework/

ERM – Enterprise Risk Management 2010 – SOA – Did Enterprise Risk Management Really Work? – The Case of Lincoln Financial Corporation, Scott Engle, Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries – 18p 2013 – SOA – ERM-ILA Model Solutions, Fall 2013, Society of Acuaries – 38p Learning Objectives: 2. The candidate will…

AIG – Securities Lending – Insurance Regulators Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? (18) – Baxter: When you look at what happened with AIG’s securities borrowing program, in a nutshell, AIG’s insurance companies held Treasury securities, which they lent out for cash. Then they used that cash to buy…