SandBox – Page 3 – [BonkNote]

Typos In other words, when you think about, if I just sat there and said, “You know what? I think this is an unlicensed monoline, governor. Let’s go and fix this,” they would have … It was the most profitable part of AIG. The stock was at 100 or whatever. It wasn’t until the stock…

NON Non – Index Nonguaranteed Non-Traditional Non-Traditional Risks 14. Paragraph 25: The comments regarding level playing field could be extended to noninsurance (ie investment-related) products offered by insurers. 2011 0926 – IAIS to OECD – Comment on the OECD’s draft paper on Policyholder Protection Schemes: Selected Considerations IAIS to OECD Comment Letter – [Automatic Download…

Request for Comments 2016 – FRB – federalregister.gov/documents/2016/06/14/2016-14005/enhanced-prudential-standards-for-systemically-important-insurance-companies To support this study and Report, FIO has consulted extensively with various stakeholders. On October 17, 2011, FIO published a notice in the Federal Register asking the public to submit comments on the considerations and factors listed in Title V: • Systemic risk regulation with respect to…

Sandbox – Government Hearings 1985 0617 – GOV (House) – Options Market and the National Market System House – Committee on Energy and Commerce – Subcommittee on Oversight and Investigations An interesting question arising in third-party guaranteed defaults is what happens when the guarantor collapses When the letter-of-credit bank or insurance company goes under, or…

Market Moving Information Change no Damage?? 1989 0501- CSPAN – Where Was the Press During the S&L Crisis? – c-span.org/video/?7307-1/press-sl-crisis This program is part of a series of three panel discussions entitled “Where Were the Watchdogs When the Savings & Loans Were Robbed?” I have heard that the designation process is not transparent, and I am…

Law – Sandbox Vanessa Anderson v. Wilco Life Insurance Company Court of Appeals for the Eleventh Circuit Date Argued: July 2nd, 2021 Duration: 29:27 Docket Number: 20-13482 https://www.courtlistener.com/audio/77208/vanessa-anderson-v-wilco-life-insurance-company/ Case Name: LSCC LLC v. Wilco Life Insurance Company Case Number: 19-56075 Case Panel: WARDLAW, Choe-Groves, VANDYKE Hearing Location: Pasadena CA Hearing Date: 2020-08-13 https://www.ca9.uscourts.gov/media/video/?20200813/19-56075/ 17-17214 Edward…

Sandbox 1978 – Federal Trade Commission (FTC) – Life Insurance Buyer’s Guide – 12p 1983 – ACLI Revised Draft Life Insurance Buyers Guide, letter and Disclosure Model Regulation – 1983-1 523 – 27p 1993 – NAIC Life Insurance Buyers Guide – 5p – From Government Hearing. “When Will Policyholders Be Given the Truth About Life Insurance” 1996 -…

Run – Triggers Can’t Say Crisis in Confidence Disintermediation Reputational Risk Interest Rates Plenty of things could cause another run on insurance companies. A devastating earnings report or financial filing could set one off. So could comments from public officials. 2008 1114 – NYT – What Happens When Your Insurer Goes Under?, By Ron Lieber – [link]…

Premium Benefit Pattern – Examples The complications begin with a very simple question: What’s the premium for Universal Life? It could be almost anything. Then what’s the cash value? That depends on the premium. It is the relationship between the premium and cash value that determines the product characteristics of Universal Life. — Ben H.…

Bills – More The Depository Institutions Deregulation Committee H.R.25 – FairTax Act of 2021 117th Congress (2021-2022) | Get alerts BILLHide Overview Sponsor: Rep. Carter, Earl L. “Buddy” [R-GA-1] (Introduced 01/04/2021) Committees: House – Ways and Means Latest Action: House – 01/04/2021 Referred to the House Committee on Ways and Means. (All Actions) congress.gov/bill/117th-congress/house-bill/25/text Sec…