Regulatory – Page 8

Twisting Churning Replacements We have all heard some talk about twisting, and it has strong negative connotations. Universal Life, mainly because of its premium flexibility, has changed that. I recently heard one of our marketing people refer to replacement of old traditional permanent policies with Universal Life. He called it “The Enlightened Liberation of Assets”.…

Moratorium Moratorium Stay Contractual State Courts (p16) – Willis B. Howard, Jr., NOLHGA – National Organization of Life and Health Insurance Guaranty Associations: I’d like to respond briefly to my honorable friend, Commissioner Bartlett. Dwight, the guarantee association system works, and it works well. Dwight K. Bartlett III, Maryland Insurance Commissioner: Are you going to tell…

Regulators – AIG – FCIC YPFS: Since AIG is an insurance company, what was the role of the insurance regulators and their interaction with the Fed during this time? Baxter: Part of the reason some people were not comfortable that the Trust owned 80% of AIG was because the investment could be subject to the…

IIPRC – Insurance Compact IIPRC – Interstate Insurance Product Regulation Commission – Insurance Compact NCOIL collaborated with the NAIC and the NCSL to develop a successful Interstate Insurance Product Regulation Compact, IPRC, a speed to market vehicle for life insurance products now in force in 41 jurisdictions. 2011 0728 and 1025 – GOV (House) -…

Activities Based Approach FSOC, Woodall, MetLife, Congress 44. If the public becomes concerned about the viability of a particular business model or widely-held asset class, insurers could collectively be forced to liquidate assets in a stressed environment to meet the resulting withdrawals, termination of short-term funding arrangements or collateral/margin calls. 2017 1208 – IAIS -…

ESG – Economic Scenario Generator Academy’s Economic Scenario Generator Work Group 16. Discussed the ESG Implementation Timeline and Overview of Treasury Model Pat Allison (NAIC) reviewed the implementation timeline for the economic scenario generator (ESG) (Attachment TwentyFive). She noted that the first three milestones have been completed and reminded the audience that the presentation given to the…

Twin Peaks Regulation “twin peaks” “regulation” “reputational” GOV Video – ?? 1st COP Hearing – Sununu

NAIC – Index NAIC – National Association of Insurance Commissioners ABCDEFGHIJKLMNOPQRSTUVWXYZ# A AAA to NAIC AAA to NAIC – IUL – Indexed Universal Life AAA to NAIC – Life Insurance Buyer’s Guide (LIBG) ACLI to NAIC AIG – NAIC Back to top B Benefits – NAIC / Regulators Back to top E Eyes Back to…

Regulatory – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ABA – Activities Based Approach Accountability Actuarial Guidelines Actuarial Guideline 38 Aetna v. Wisconsin Insurance Commissioner Aggregation Method AIG – Insurance Regulators AIG – Securities Lending – Insurance Regulators Anti-Trust ASOPS – Actuarial Standards of Practice Back to top B Bank-like Basel Benefits Best Interest Standards Best Practices Bills Business…

Contagion Run – Index 1994 – FRB / AP – Announcements of Asset-Quality Problems and Contagion Effects in the Life Insurance Industry, Journal of Financial Economics, Vol. 35, No. 2 – 29p 2014 1218 – LC – 15-cv-45 – MetLife v FSOC – re: MetLife – D85-2, 85-2 – Explanation of the Basis of the Financial…