Regulatory – Page 6

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

Q: Should the Insurance Industry Be Looked At? It is hard to fix a system that has not been analyzed. (p14) — J. Robert Hunter (CFA) 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – [PDF-123p, VIDEO-?] My staff has conducted a major investigation of these issues. I must say today…

Receivership Courts Dodd-Frank FDIC NAIC Receiver’s Handbook for Insurance Company Insolvencies for Qualified Financial Contracts Troubled Companies 2023 04 – NAIC – State Insurance Receivership Priority Act – Federal Priority Act – 1p UILA – Uniform Insurers Liquidation Act 1940 – LR – Legislation: The Uniform Insurers Liquidation Act – 12p Although there has been a vast…

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…

Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle? Life Insurance as an Investment LIRP/ SLIRP – Life Insurance Retirement Plan LIRP – Life Insurance Retirement Plan – Index MetLife 1990s FSOC I didn’t buy a Life Insurance Policy SOA – Looks like an Annuity Walker vs.…

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…

Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? This regulator said it began discussions with the company about securities lending in 2006. ⇒ AIG told us it was unaware of the regulator’s concerns. (p15) 2011 09 – GAO – Review of Federal Reserve System Financial Assistance to American International Group, Inc…

Mortality Tables The mortality table is the instrument by means of which are measured the probabilities of death and survival. 1940-Supplement NAIC Proceedings 1919 – Book – Sources and characteristics of the principal mortality tables, by Henry Moir – 98p The Actuarial Society of America It should be remembered that the CET Table was prepared to…