Snippets
FCIC – Financial Crisis Inquiry Commission – Snippets
FCIC – Snippets 2008 0916 (9pm) – FCIC – KKR – Email from Tagar Olson Regarding AIG – 5p If you assume that the economic losses against the CDS book (estimated by Blackrock at $11-$18bn) and other under-reserved amounts/ questionable assets (the great unknown) are less than the value of their core insurance and other…
Read MoreULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC – Snippets
ULMR – Universal Life Model Regulation – MDL-585 – NAIC – Snippets PAGE 1 Drafting Note: It is the position of the drafters of this regulation that universal life insurance is simply another competing type of life insurance which should be treated, to the extent possible, in the same regulatory manner as other life insurance…
Read MoreSnippets – Index
Snippets – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A Academic – Snippets ACLI – American Council of Life Insurers – Snippets Actuarial – Snippets Agents – Snippets AIG – FRB – Federal Reserve Board ASB – Actuarial Standards Board – Snippets Back to top B BINDERS Back to top C Congress – Snippets Congress – Snippets – 2009 CRS…
Read MoreAIG – FRB – Federal Reserve Board
AIG – FRB – Federal Reserve Board 2008 0902 – FCIC – FRB (Danielle Vicente) – AIG Liquidity and Access to the PDCF – 4p Liability runs: not just a banking problem AIG is an active securities lender; the firm takes a large portion of its securities and lends them to institutions and investors who…
Read More2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel – Snippets
2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel 2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel — [BonkNote] — [PDF-337p] (p152)…
Read MoreFSOC – Determination and Dissents – Financial Stability Oversight Committee – Snippets
FSOC – Prudential – Determination and Dissents – Snippets 2013 0919 – FSOC/Prudential – Basis for the Financial Stability Oversight Council’s Final Determination Regarding Prudential Financial, Inc. – 12p Pages 1/2 (p1) – ….section 113 of the Dodd-Frank Act and the Council’s interpretive guidance regarding nonbank financial company determinations (Interpretive Guidance),1 —– the Council has voted…
Read More1990s – Government Hearings – Snippets
1990s – Government Hearings – Snippets 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance? We are seeing a real crisis in confidence: – That, in my mind, is probably the worst thing that could happen. – There is not a company in the country that can stand…
Read More1970s – Government Hearings – Snippets
1970s – Government Hearings – Snippets Ernest J Moorhead (Jack). Second, belonging in the area of the actuary, there are questions about the reliability of dividend illustrations. By reliability I am not referring to whether those dividend illustrations will be met in practice. Senator Richard (Dick) Stone (FL-D). Or whether they are on projections with…
Read More1990s – Agent – Snippets
1990s – Agent – Snippets (p117) – If the life insurance industry were serious about offering competitively priced policies to consumers, it would ask itself why total life insurance premium receipts of all U.S. companies in 1990 is less than the sum of new premium purchases over the last 9 years. Why does it appear…
Read MoreLawsuits – Snippets
Legal Cases – Snippets Carriers marketed interest rate-sensitive insurance under a host of premium payment options, including the `vanishing premium’ plan. 2009 – LC – Kaldenbach v. Mutual of Omaha – Court of Appeals of California, Fourth District, Division Three. 78 Cal.App.4th 830 (2009) 100 Cal.Rptr.3d 637 – Google Scholar-Kaldenbach-2009 Reasonable Consumers Reasonable consumers acting…
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