Words – Page 11 – [BonkNote]

Policyholder Options Many insurance contracts offer the policyowner options regarding premium payment, benefit patterns, and policy loans. This flexibility means that many different patterns of future cash flow could arise under the contract. (p6) 2002 09 – AAA – Fair Valuation of Insurance Liabilities: Principles and Method, American Academy of Actuaries – 48p The ACLI’s Dolan…

Liquidity vs Solvency Liquidity is a separate problem from solvency, but it can be equally serious. 1992 01 – SOA – The Actuary – A Possible Source of Low-cost Liquidity, by Irwin T. Vanderhoof, Society of Actuaries (p3) – 20p 2009 0305 – GOV (House) – Perspectives on Systemic Risk [PDF-254p, VIDEO-youtube-Part 1of 2 – Bad Copies] – <mp3,…

Advice Incidental Advice Thomas v. Metropolitan Life Insurance Company, Case No …Aug 31, 2009 — This policy was a variable universal life insurance policy. The Third … advice “solely incidental to” the conduct of business as a broker or dealer. … under the IAA if the advice they give is “solely incidental to” their broker activities and they receive…

Holding Company Bank Holding Company Act of 1956 MHC – Mutual Holding Company Orderly Resolution Authority SLHC – Savings and Loan Holding Company 2007 0611 – OTS – Office of Thrift Supervison Holding Company Report Of Examination of AIG – 52p 2010 0318 – GOV (House) – Insurance Holding Company Supervision – Paul Kanjorski (D-PA) Dots –…

Run Run – Index Run-off Firesale 2015 – FRB – Self-Fulfilling Runs: Evidence from the US Life Insurance Industry – 52p In May 1991, one month after seizing Executive Life, California regulators seized First Capital Life (FCLIC). Both insurers were Drexel clients with large junk bond holdings, and both had experienced ‘bank runs’. FCLIC’s run followed regulators’…

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)…

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.,…