Harper's Life Insurance Library

  • 1922 - Book - SELLING LIFE INSURANCE, by John Alford Stevenson - [330p-GooglePlay-link]
    • John Alford Stevenson - FORMERLY DIRECTOR OF THE SCHOOL OF LIFE INSURANCE SALESMANSHIP, CARNEGIE INSTITUTE OF TECHNOLOGY, PITTSBURGH, PA
    • Endorsed by THE NATIONAL ASSOCIATION OF LIFE UNDERWRITERS and THE LIFE UNDERWRITERS ASSOCIATION OF CANADA
  • 1922 - Book - THE PSYCHOLOGY OF SELLING LIFE INSURANCE, by E. K. Strong, Jr. - [527p-GooglePlay-link]
    • E. K. Strong, Jr. - School of Life-Insurance Salesmanship, Carnegie Institute of Technology 
  • 1921 - Book - MEETING OBJECTIONS, by John Alford Stevenson - [121p-GooglePlay-link]
    • John Alford Stevenson - FORMERLY DIRECTOR SCHOOL OF LIFE INSURANCE SALESMANSHIP CARNEGIE INSTITUTE
      OF TECHNOLOGY
  • 1921 - Book - THE HOUSE OF PROTECTION, by Griffin M. Lovelace - [153p-GooglePlay-link]
  • 1922 - Book - ANALYZING LIFE SITUATIONS FOR INSURANCE NEEDS: The Case Method, by Griffin M. Lovelace - [249p-GooglePlay-link]  
    • Griffin M. Lovelace - LIFE INSURANCE TRAINING COURSE AND PROFESSOR OF LIFE INSURANCE, SCHOOL OF COMMERCE, ACCOUNTS AND FINANCE, NEW YORK UNIVERSITY
  • LIFE UNDERWRITING AS A CAREER, by Edward A. Woods - <WishList>
  • INHERITANCE TAXATION, by Leon G. Simon - <WishList>
  • 1925 - Book -  LIFE INSURANCE FUNDAMENTALS, by Griffin M. Lovelace - [279p-GooglePlay-link]
    • Griffin M. Lovelace - FORMERLY DIRECTOR OF THE LIFE INSURANCE TRAINING COURSE, NEW YORK UNIVERSITY
  • PRINCIPLES OF LIFE INSURANCE. (In preparation), by Griffin M. Lovelace
  • FUNCTIONS OF LIFE INSURANCE. (In preparation), by Griffin M. Lovelace
  • INHERITANCE TAX. (In preparation), by Franklin W. Ganse
  • THE PSYCHOLOGY OF SELLING LIFE INSURANCE
  • PRACTICAL METHODS OF SELLING LIFE INSURANCE
  • INHERITANCE TAX, (In preparation) - By E. K. Strong - Carnegie Institute of Technology, Pittsburgh, Pennsylvania

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  ---  [BonkNote]
  • (p323) - 14.4 Universal Life Insurance Model Regulation
    • Flexible premium products introduce special valuation problems using traditional methods in that some assumption as to future premiums is required.
    • The typical "present value of future benefits less the present value of future net premiums" formula is challenging to apply to flexible premium universal life policies, since neither "future premiums" nor "future benefits" are known for any particular policy.

1889-1989 - SOA - Cowman Index to Actuarial Literature - Society of Actuaries

  • 1889-1989 - SOA - Cowman Index to Actuarial Literature - Society of Actuaries  ---  [BonkNote]  ---  1013p
  • (p1) - This index, entitled "Index to Actuarial Literature 1889-1989," was compiled by Edward F. Cowman, a Fellow of the Society of Actuaries. The title of this index implies a greater breadth than it encompasses. However, it does contain in alphabetical order by subject and author a complete index to the following publications:
    • (1) Transactions of the Actuarial Society of America (1989-1949; Vols. 1-50)
    • (2) Record of the American Institute of Actuaries (1909-1949; Vols. 1-38)
    • (3) Transactions of the Society of Actuaries (1949-1987; Vols. 1-39)
    • (4) Record of the Society of Actuaries (1976-1987; Vols. 1-13)
    • (5) Transactions of the Society of Actuaries Reports (1952-1982)
    • (6) The Actuary (March, 1967 - April, 1989; Vol. 1, No. 1 - Vol. 23, No. 4)
  • Actually, this compilation contains two separate indices: an index to publications (1) - (5) above, and a separate index to The Actuary.
  • In both subject and author listings the entries appear in chronological order by each publication.
  • Introduction to the Cowman Index to Actuarial Literature In addition to being a subject index, the work provides ready reference to all discussion, papers, and other contributions by each author.

Weiss Research

  • The disaster we fear is the looming crisis of confidence, of lost credibility, of spreading fear among the public and, ultimately, of a “run on the bank” as policyholders pull their money out of the insurance industry. –  (p160)

—  Prepared Statement: Martin D. Weiss, President, Weiss Research, Inc.

1991 0227, 0507, 0509 and 0523 – GOV (House) – Insurance Company Solvency, (CSPAN) Insurance Company Insolvencies, Cardiss Collins (D-IL)  —  [BonkNote]

03 Jun 1991, Mon The Miami Herald (Miami, Florida) Newspapers.com

03 Jun 1991, Mon The Miami Herald (Miami, Florida) Newspapers.com

Oral Histories

  • University of Florida, Samuel Proctor Oral History Program
    • 2004 – Catalog of Collections – 351p

ACLI – Life Insurers Fact Book

  • 2021 – ACLI Life Insurers Fact Book – 234p
    • Historic Dates
      • The first edition in 1946 was published by the Institute of Life Insurance in New York City.
      • In 1975, the Institute of Life Insurance merged with the American Life Insurance Association to become the American Council of Life Insurance, and later, the American Council of Life Insurers (ACLI).
      • Senator Blake Tyler Newton, Jr. would become the first president of the ACLI, having previously served as president of both associations.
      • That same year, the Fact Book was seamlessly transitioned into the newly merged ACLI, where it continued to be published and distributed for a fee, but now from the new headquarters in Washington, D.C.
  • 2006 0524 – IASB – Paper 4A: Universal Life Contracts – 37p
    • Purpose of this paper
      • 1. This paper discusses the treatment of universal life contracts. 
    • What is universal life insurance?
      • 5. The American Council of Life Insurers (ACLI) defines universal life insurance (or adjustable life) as ‘A type of permanent life insurance1 that allows you, after your initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums and maximums.
      • This policy also permits you to reduce or increase the death benefit more easily than under a traditional whole life policy.
        • To increase your death benefit, the insurance company usually requires you to furnish satisfactory evidence of your continued good health.’2
      • 1 The ACLI defines permanent life insurance as ‘Life insurance designed to provide lifelong financial protection.
        • As long as you pay the necessary premiums, the death benefit will be paid.
        • Most permanent policies have a feature known as cash value that builds up, tax deferred, over the life of the policy and can be used to help fund financial goals, such as retirement or education expenses.’
      • 2 http://www.acli.org/ACLI/Consumer/Glossary/Default.htm – <Bad Link>
    • 2004 – Report – ACLI / IAA – Renewal Premiums and Discretionary Participation Features of a Life Insurance, A Joint Research Project – 52p
    • FASB – SFAS 97  – Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments.

CQPress

  • 1940s
    • 1941 0321 – CQPress – Regulation of Insurance Company Investments – [link]
    • 1949 0119 – CQPress – Insurance Investments and Economic Stability – [link]
  • 1950s
    • 1956 1010 – CQPress – Old-Age Annuities in Time of Inflation – [link]
      • VALIC
  • 1990s
1995 Banking Subcommittees Produce Amendments on Insurance and Regulatory Relief
1994 Insurance Antitrust Exemption Stalls With Health Care Bill

 

2003 Bank Insurance Bill Stalls in Senate
  • Philip E. Stano, senior counsel for litigation at the American Council of Life Insurance (ACLI), has argued that the insurance fraud provisions of the 1994 law were based on a flawed premise – Congress’ failure to respond in timely fashion to the savings and loan crisis of the late 1980s.
    • “Congress erroneously believed that parallels could be drawn between the insurance industry’s and the savings and loan industry’s financial condition and the degree of criminality occurring within those industries,” Stano wrote. 

1996 – CQPress.com – Insurance Fraud: Will a new crackdown reduce the losses?, By Richard L. Worsnop, October 11, 1996 – Volume 6, Issue 38 – [link]

  • 1949 0119 – CQPress – Insurance Investments and Economic Stability – [link]

    • Celler’s assertion was promptly denied by Leroy Lincoln, president of the Metropolitan Life Insurance Company, who said “it would be interesting to ask the congressman to cite some instances.” Lincoln said the insurance industry had been making efforts to curb inflation and suggested that if Celler made contact with financial authorities in the government, he would be so informed.

      The reference to inflation in Lincoln’s reply to Celler was an indirect response to speculation that had been raised by a Federal Reserve Board report on bank credit in October. The F. R. B. report had noted the extent to which government efforts to restrain an expansion of bank credit had been counteracted by the activities of non-bank investors, particularly insurance companies, in shifting out of long-term government bonds and into business loans and investments. The report made no comment or recommendations, but its emphasis on insurance company activities was taken in some quarters as a hint that “this situation might bring demands that Congress make insurance companies subject to [Federal Reserve] board regulations as lending institutions just as banks have been for more than 30 years.”

    • Report Outline
      Public Interest in the Business of Insurance
      Life Insurance in the National Economy
      Recent Changes in Company Investment Practices
      Insurance Investments and the Capital Market
      Special Focus
  • 1969 – GOV (Senate) – Insurance Regulation – Warren G. Magnuson (D-WA)
    • https://library.cqpress.com/cqalmanac/document.php?id=cqal69-1248592
      • HELD HEARINGS-Nov. 12, 19 and 20 on a bill (S 2236) to create a Federal Insurance Guaranty Corporation (FIGC) to protect customers from insolvency of certain insurance companies.
      • Under the bill, the corporation would be patterned after the Federal Deposit Insurance Corporation.

Books – Index

TheBlackVault

  • documents.theblackvault.com/documents/foia/FRB-FOIACaseLog-2014.pdf
    • F-2014-00206 Freedom of Information Act requests to the Federal Reserve by law firms Sullivan & Cromwell LLP and Gibson Dunn & Crutcher related to the systemic risk designations of insurance companies, and the Federal Reserve System’s responses to those requests.
    • F-2014-00011 The Federal Reserve Board’s membership application form to the International Association of Insurance Supervisors, which was sent to: International Association of Insurance Supervisors c/o Bank for International Settlements CH-4002 Basel Switzerland; documents related to the Federal Reserve Board’s efforts to join the International Association of Supervisors’ executive committee.
    • F-2014-00034 A list or lists containing the NAMES of all ACTIVE financial institutions regulated by the Federal Reserve Board. In addition to the institution names, we need additional information about these institutions. We understand that some or perhaps
      all of this additional information may not be available for every institution, but we would like to have it when available. This includes: Website URL or Internet domain name, institution type (e.g., savings company, insurance company, commercial bank, credit union, etc.), geographical location (e.g., state, city, and statistical metropolitan area), name of the parent institution (in case of subsidiaries), number of offices or branches, whether the institution is a Bank Holding Company (BHC) or part of a BHC, whether the institution has branches in more than one state, whether the institution is owned by shareholders or not, and whether the institution is a branch or agency of a foreign banking organization. 3/13/2014 Full Grant Leon Carnegie Mellon University 
    • F-2014-00206 Freedom of Information Act requests to the Federal Reserve by law firms Sullivan & Cromwell LLP and Gibson Dunn & Crutcher related to the systemic risk designations of insurance companies, and the Federal Reserve System’s responses to those
      requests. 4/23/2014 Partial Grant Torres Bloomberg News
    • G-2014-00045 application the Federal Reserve filed with the IAIS, or the International Association of Insurance Supervisors, to be a member of this Basel-based group.
  • documents.theblackvault.com/documents/foia/FOIA2010CalendarYearLog.xlsx
    • 2011-00025 8/4/2011 publically available letter dated, October 26, 2010, granting MetLife, Inc., New York, New York permission to acquire American International Group’s subsidiaries, American Life Insurance Company, Wilmington, Delaware and Delaware American Life Insurance Company. Notice of these approvals appeared in H.2 No. 44 for the week ending October 30, 2010. Gaffney, Barbara 2010-11-18 Full Response