SandBox

SB-Premium WHEN IS A PREMIUM NOT A PREMIUM? – Richard Weber 199x, NAIC – VP – only problem is … LC – Johnston and Johnston v Conseco – Judge LC – any of them 1985 – JIR – Universal life: taxation and the actuarial concept of life insurance – 10p

Sandbox – AIG https://ypfsresourcelibrary.blob.core.windows.net/fcic/fcic-testimony/2010-0630-AIG-Risk-Management.pdf Frank P. Filipps https://www.actuaries.asn.au/Library/Events/SUM/2013/4b-Ferris.pdf FRB Coryann Stefansson – Now SIFMA 2:15:28 – Carolyn Maloney: bad regulatory decision? – Liddy: yes all life insurance companies would have been in trouble… asset prices….capital markets 2009 0318 – AMERICAN INTERNATIONAL GROUP’S IMPACT ON THE GLOBAL ECONOMY: BEFORE, DURING, AND AFTER FEDERAL INTERVENTION – aka Federal…

SB – Outside Thomas S Kuhn The Hidden Factor Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like it’s from Neptune. — Noam Chomsky To reject one paradigm without simultaneously substituting another is to reject science itself. What man sees depends both upon…

SB – Board Joint Special Committee on Life Insurance Costs Hart EJM 1974 – Analysis of Life Insurance Cost Comparison Index Method. Society of Actuaries 1974 – Philosophies in the computation and dissemination of dividend illustrations, Society of Actuaries (Committee on Cost Comparison Methods and Related Issues (Special) – 85 pages

P1P2 P1P2 – Grid P1P2 – Actuarial P1P2 – Legal Case – Maloof v John Hancock P1P2 – NAIC P1P2 – NAIC – Life Insurance Buyer’s Guide Start – Policy Cash Flow Mechanics P1->P2->SIV P1->SIV->P2 Roger Strauss (Iowa) said a fundamental issue was that the consumer realize that the premium is being paid from someplace. …

Silences govinfo.gov – Search – “Life Insurance” GAP 1982 0310 – GOV (House) – Part 2 – Department of Housing and Urban Development–independent agencies appropriations for 1982. Veterans Administration. 1993 0202 – GOV (House) – Management of Department of the Interior Programs, Serial No. 103-2 Senator Jake Garn – 1980s Nonbank ,Integration of Financial Services…

Finding Aids Actuarial soa.org/ Federal Government Hearings c-span.org/ Google Play govinfo.gov COP – No Finding Aid Availabe FCIC – Finding Aid for the Records of the Financial Crisis Inquiry Commission

LTTR – 2021 “The “unbundling” of services and other product differences between Universal Life and Ordinary Life cause current literature to be inapplicable, as well as insufficient, for Universal Life.” 1984 – American Academy of Actuaries – Journal ACLI They <Universal Life Policy> merely afford purchasers greater flexibility in designing their contracts so as to meet their individual needs. 1982-1 STATEMENT…

Coverage Period Coverage Period – Examples As long as you pay the premium Key Attributes of Generic Life Insurance Policies — Table 4-2 Duration of coverage – Universal Life – Depends on premiums paid. (p111) 2015 – Book – Life Insurance, 15th Ed. (Huebner Series) – Black jr., Skipper, Black g. Clarifying “Coverage Period Description”…

SB – Explain Agents NAIC LIBG Mass Mutual Van Mueller – China Video – SOA – 1974 – Albert Easton (NG) Elements / Policy Mechanics / Responsibility NAIC LIBG IULWG – Guy GOV 197x-Cash Flow Elements SOA 198x – Turner – can be anything walter miller – you’re kidding yourselves Language NAIC LIBG 2013 state…

SB-Premium

2008 Financial Crisis – AIG – Congress

SB – Outside

SB-Board

P1P2

Silences

Finding Aids

LTTR – 2021

Coverage Period

SB – Explain