reinsurance
Surplus Relief Reinsurance
Surplus Relief Reinsurance 1992 0218 – GAO – Insurance Regulation: The Failures of Four Large Life Insurers, Testimony Before the Committee on Banking, Housing, and Urban Affairs United States Senate, Statement of Richard L. Fogel, Assistant Comptroller General, General Government Programs – 21p content.naic.org/sites/default/files/inline-files/MDL-791.pdf Another option, surplus relief reinsurance, is probably the most popular tool for meeting…
Read MoreAssumption Reinsurance
Assumption Reinsurance Life and health insurers have greater opportunity to transfer a set of policies from one company to another, using a transaction known as “assumption reinsurance” (a confusing term for what amounts to the sale of a block of policies with the “consent”—sometimes constructive—of each policyholder).105 2021 – LR – Uncertainty > Risk: Lessons for…
Read MoreInformed Consumer
Informed Consumer (p33) – Informed consumers are the cornerstone of effective consumer protection. This is particularly true in relation to life insurance with its proliferation of complex products over the past decade. — NAIC – Statement of David Lyons, Iowa Insurance Commissioner (IA), On Behalf of the National Association of Insurance Commissioners 1993 0525 -…
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