Words – Page 11 – [BonkNote]

Run Run – Index Life insurers, whose liabilities are generally more liquid than their assets, are particularly vulnerable to runs by policyholders. (page x) 1994 04 – CBO – The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office – 80p A major problem that must be overcome with such monitoring…

NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…

Commutation 1888 – Book – Life Insurance Premiums and Reserves – Homans – 13p [Bonk: original 20p – can be found on GooglePlay, extraneous pages removed] 1959 – SOA – Interpolation Commutation Columns, Society of Actuaries – 6p Commutation columns and valuation factors based on 1958 CSO mortality table. [Worldcat: One Copy available at Indiana…

RBC – Risk-Based Capital NAIC Risk-Based Capital (RBC) For Insurers Model Act, MDL-312 – 20p content.naic.org/cipr_topics/topic_riskbased_capital.htm NAIC – Life Risk-Based Capital Report: Including Overview and Instructions for Companies – link – 1993-Current Financial Condition (E) Committee Life Risk-Based Capital (E) Working Group – content.naic.org/cmte_e_lrbc.htm 1994 – NAIC – Raising The Safety Net: Risk-Based Capital for…

Waiver Waiver of Monthly Deductions for Flexible Premium Universal Life Insurance Policies 14. Flexible premium universal life insurance policies do not require specified premiums as traditional policies do. The “waiver” benefit entities offer is a “waiver of monthly deductions” benefit as opposed to a “waiver of premium” benefit. The difference being specific premiums may or…

Risk Management ERM – Enterprise Risk Management Risk Management in the Business Enterprise: Mehr, Robert 2015 – LR – The Role of the Profit Imperative in Risk Management – 58p

Liability 1986 0121 0122 – GOV (House) – The Liability Insurance Crisis [PDF-553p-GoogIePIay, VIDEO-?] Testimony – J. Robert Hunter – p279-299 House – Committee on Public Works and Transportation – Subcommittee on Investigations and Oversight 1986 0220 and 0221 – GOV (Senate) – The Cost and Availability of Liability Insurance for Small Business. Senate -…

Functional Regulation vs Entity Regulation Gary Hughes, ACLI, SOA Gramm-Leach-Bliley (GLBA) Banks, Insurance, Securities, CFTC 1985 – LR – Functional Regulation: Looking Ahead – 25p 1998 – LR – Functional Regulation of Bank Insurance Activities: The Time Has Come, Linda Birkin Tigges – 35p 1959 – LC – 91. SEC v. Variable Annuity Life Ins. Co.,…

Best Interest Standards acli.com/Public-Policy/Best-Interest-Standard content.naic.org/cipr_topics/topic_annuity_suitability_best_interest_standard.htm 2018 – SOA – Changing the Retirement Advice Conversation, Society of Actuaries – 5p 2023 0520 – Letter – Barry Flagg / Veralytic to Finseca – 2p I regret to have to resign from Finseca … again, for the following reasons. California Best Interest Rule for insurance products (i.e., CA…

Loans Liquidity – Policy Loans Policy Loan Premium Loan Life insurance companies are also in danger of a major acceleration of loans on outstanding policies at well below market cost of funds if short-term interest rates, especially for money market funds, continue at approximately twice the rate at which most individual policy loan contracts are…