Montana

  • Max Baucus – (D-MT)
    • 1978 -2014 – US Senator
      • 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, (CSPAN) Single Premium Life Insurance, Max Baucus, (D-MT)  —  [BonkNote]
      • 2007-2014 – Chair of the Senate Finance Committee, January 4, 2007 – February 6, 2014
  • Jon Tester – (D-MT)
    • 2007-Current (as of 2023) – US Senator
      • 2022 0908 – GOV (Senate) – Current Issues in Insurance – Senator Sherrod Brown (D-OH) — [BonkNote]
        • Tester – NARAB
    • 1999 to 2007 – Montana State Senator
  • 1994 – Montana – Montana Consumer’s Guide to Life Insurance – 54p

Oklahoma

  • Parry Ballard
  • John Doak
    • 2011-2019 - Former Insurance Commissioner
  • Carroll Fisher
    • 1998-2004 - Former Insurance Commissioner
    • 2007 0305 - CARROLL FISHER GETS OUT OF JAIL OKLAHOMA CITY (AP) - [link]
      • Former state Insurance Commissioner Carroll Fisher was released from the Oklahoma County jail Monday morning. A judge in Oklahoma City, agreed to release Fisher on the conditions.
    • 2009 0210 - The Oklahoman - Former Insurance Commissioner Carroll Fisher sentenced to 6 months, by Nolan Clay - [link]
  • Frank Keating
  • Lawsuits
    • 2009-2010 - LC - Blumenthal v New York Life  ---  [BonkNote]
    • 2010 - LC - Cowboys Athletics v. Lincoln National Life Insurance Company - [T. Boone Pickens]  ---  [BonkNote]

Wyoming

  • Joseph C. O’Mahoney (D-WY)
    • 1934-1953 and 1954-1961 – US Senator
    • 1938-1941 – GOV (Senate) – TNEC – Temporary National Economic Committee, Joseph C. O’Mahoney (D-WY)  —  [BonkNote]
  • Mike Enzi (R-WY)
    • 1997 to 2021 – US Senator 
    • 2005  1117 – GOV (Senate) – A Review Of The GAO Report On The Sale Of Financial Products To Military Personnel  —  [BonkNote]
      • (p5) – Senator Chuck Schumer (D-NY) – …I want to thank Senator Enzi for his leadership in terms of legislation, which I am proud to cosponsor.

Tennessee

  • Bob Corker (R-TN)
    • 2007-2019 – US Senate
      • 2015-2019 – Chair of the Senate Foreign Relations Committee 
  • Insurance Commissioners
    • 1979-1986 – John C. Neff
  • 1975-2006 – State of Tennessee – Department of State – Tennessee State Library and Archives – Department of Commerce and Insurance – Commissioner Files, 1975-2006 – RG 388 – 79p
    • p15 – A.L. Williams – Box 11, Folder 8 

Arizona

  • John McCain – (R-AZ)
    • 1987-2018 – US Senate
    • 1983-1987 – US House
  • David Schweikert – (R-AZ)
    • 2011-2023 – Current (as of 2023) – US House
      • Ways and Means Committee – Member
      • U.S. Congress Joint Economic Committee – Senior House Republican Member
    • 2015 1208 – GOV (House) – Oversight of the Financial Stability Oversight Council — [BonkNote]  —  [PDF-146p,  VIDEO-YouTube]
      • (p61) – David SCHWEIKERT (R-AZ).  Look, we are talking past each other because, you know, everything I know about why your derivatives contracts to protect your interest rate exposure, that would be something you would find joyful, not put them into a designation.
        • [Bonk: Speaking to Debbie Matz, Chairwoman, National Credit Union Administration, FSOC Member (Financial Stability Oversight Council)]
        • [Bonk: “, you know,” – commas are not in the original, it makes a difference in the reading]

Massachusetts

  • Katherine Doughty
    • ?-1991-? – Massachusetts Insurance Commissioner 
    • 1997 1216 – In the Matter of Life Insurance Association of Massachusetts, Inc., Organization: State Ethics Commission, Docket Number 528 – [link]
      • 93. In early 1992, LIAM representatives believed that Doughty was “not paying careful attention” to the management aspects of NAIC accreditation., Life Insurance Association of Massachusetts 
      • Consequently, we conclude that the Petitioner has demonstrated by a preponderance of the evidence that on May 13, 1992, LIAM violated § 3(a) by giving a gratuity of substantial value to Doughty, for or because of official acts performed or to be performed by her.
  • Barney Frank (D-MA)
    • 1981-2013 – US House
    • Dodd-Frank Act
  • Michael J. Sabbagh
    • ?-1983-? – Massachusetts Insurance Commissioner 
    • Chairman of the (A3) Life Cost Disclosure Task Force – NAIC
      • 1983 02 – SOA – The Actuarial Update – (A5) Task Force Considers Universal Life Model Bill, Society of Actuaries, NAIC Report by Bill Hager – 8p
  • John Tierney (D-MA)
    • 1997-2015 – US House
  • Elizabeth Warren (D-MA)
    • Professor
    • 2009 – COP Chair, Congressional Oversight Panel (2008 Financial Crisis)
    • CFPB – Consumer Financial Protection Bureau
    • 2013-Current (as of 2023) – US Senator
  • Elizur Wright
    • 1858-1866 – Massachusetts Insurance Commissioner

South Dakota

  • Tim Johnson (D-SD)
    • 1979-1987 – State Legislature
    • 1987-1997 – US House
    • 1997-2015 – US Senator
  • Peter Norbeck (R-SD)
    • 1921-1936 – US Senate
    • 1932 0323 to 0325 – GOV (Senate) – Operation of the National and Reserve Banking Systems – (Part 1) – Peter Norbeck (R-SD)  —  [BonkNote]
    • 1932-1934 – GOV (Senate) – Stock Exchange Practices, aka Pecora Commission – Peter Norbeck (R-SD)  —  [BonkNote]
  • Mike Rounds (R-SD)
    • 1991-2001 – South Dakota Senate
    • 2003-2011 – governor of South Dakota 
    • 2015-Current – (as of 2022) – US Senate
      • Banking Committee
    • fischerrounds.com/about-us/history

Informed Policymakers

  • The Academy views its role in the government relations arena as providing information and actuarial analysis to public policy decision makers so that policy decisions can be made with informed judgment.
  • For example, the determination of required contribution levels to plans to provide benefits and the setting of appropriate reserve levels to meet future obligations are actuarial in nature.

1984 – AAA – Journal, American Academy of Actuaries

  • On behalf of the consumer representatives.
  • Some suggestions to make the advisory committees more relevant to the NAIC include:
    • NAIC could assist consumer groups with technical assistance on selected issues, e.g the concept of consumer actuary.

1993 0302 – Letter – Consumers Union to NAIC Subgroup to Study Advisory Committee Procedures and Protocols – (EX) – NAIC  —  [BonkNote – Subgroup] – Attachment 2 – 

Mary Griffin, Consumers Union, Insurance Counsel, Washington Office

  • In 1994 I was selected as a funded ….
    • In these meetings, groups work consumer representative to the on specific charges they have identified National Association of Insurance or that have been assigned to them by Commissioners (NAIC).
  • In reality, much of what NAIC consumer representatives do to represent consumers is to educate regulators.
    • If regulators learn about issues only by listening to the industry, their knowledge is unquestionably biased.

1997 – AP – What Does it Mean to be a Consumer Representative?, by Brenda Cude – 3p 

  • Federal Insurance Office Act
  • Federal Insurance Expertise.  Insurance plays a vital role in the smooth and efficient functioning of our economy, but the credit crisis highlighted the lack of expertise within the federal government regarding the industry, especially during the collapse of American International Group (AIG) and last year’s turmoil in the bond insurance markets.
    • A Federal Insurance Office will provide national policymakers with access to the information and resources needed to respond to crises, mitigate systemic risks, and help ensure a well functioning financial system.
  • International Coordination.  Although America’s insurance markets still operate on a state-by-state basis, today’s markets are global.
    • The Federal Insurance Office will therefore provide a unified voice on insurance matters for the United States in global deliberations.

2009 06 – DOTT – Financial Regulatory Reform, A New Foundation: Rebuilding Financial Supervision and Regulation, Geithner – [PDF-93p-GooglePlay]

  • We believe it is very important for the subcommittee, and other committees in Congress with jurisdiction over insurance, to have a sound understanding of how our industry operates…
  • … I would like to focus my remarks this morning on why the ACLI believes that the new Federal Insurance Office, FIO, is an extremely important new player in the insurance arena and why it is important for that office to be fully funded and staffed as quickly as possible.  (p26)

— ACLI – Statement of Gary E. Hughes, Executive Vice President & General Counsel, American Council of Life Insurers – Part 1

2011 0728 and 1025 – GOV (House) – Insurance Oversight: Policy Implications for U.S. Consumers, Businesses and Jobs – Part 1 (2011 0728), Part 2 (2011 1025), Judy Biggert (R-IL) – [PDF-285p, VIDEO-?]

Hawaii

  • Senator Daniel Inouye – (D-HI) – 1963-2012
  • 1983 1007 – Senator Daniel Inouye (Delivered by Alvey Wright) – Speech to Honolulu Association of Life Underwriters – 16p
    • Although I would have preferred to discuss other matters of concern to us all, your invitation has requested that I discuss important Life Insurance issues that are pending before The Congress:
      • 1) Taxation of Life Insurance Companies;
      • 2) Fair Insurance Practices Act, S.372; And
      • 3) The Sale of Insurance by Banks.
    • (p5) – As you are well aware, the administration has vocally supported the deregulation of financial institutions, which would enable them to enter new lines of businesses such as insurance, real estate, and travel.
      • Even though I am a director of a bank, I have been on record that I am opposed to banks selling insurance.
        • They have enough to do in their regular activities without engaging in non-bank business.
      • The federal reserve board, which recognized the crucial and special role of banks in our economy, is correct in seeking gradual, measured deregulation.
      • By the same token, non-bank firms should not be allowed to engage in bank activities.
    • (p15) – Since the early 1950’s, the insurance industry has been regulated at the state level.
      • That structure, however, has broken down as the issues of concern to your firms have assumed national rather than state dimensions.
    • (p16) – From minimal involvement a few years ago, the Senate Commerce Committee, of which I am a member, has witnessed the emergence of insurance issues as one of the most controversial areas.
      • While not all of these issues involve life insurance, your industry should be attentive to Washington developments as well as those in the state capitols.

Maine

  • 1871 – Albert W. Paine – Maine Superintendent of Insurance
    • 1871-1, NAIC Proceedings (National Insurance Convention)
      • (p13 / 44) – We are here as a grand jury of inquest on the insurance body-not for indictment, but to find the best system for practice, and I feel that we want the utmost information that we can get, let it come from whence it will.
      • I will thank any man in the United States, let him be who he will, to come forward and give any light when these subjects are under discussion…
  • 1996 – Brian K. Atkinson – Maine Superintendent of Insurance
    • IMSA
  • 2006 – Alessandro Iuppa, Maine Superintendant of Insurance