Corporate Governance

  • Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069)

— Robert Beck (Prudential CEO)

1985 0719 and 0722 – GOV (House) – Comprehensive Tax Reform: Hearings Before the Committee on Ways and Means, House of Representatives – Part 7

  • 2013 1216 – ThinkAdvisor – Charges of NAIC corporate governance problems erupt, By Elizabeth D. Festa – [link]
    • 2013 1211 – Letter – Tom Leonardi to NAIC etc – 3p
      • “We have met the enemy and he is us!”
        • This famous line from the comic strip Pogo aptly describes the current state of governance at the National Association of Insurance Commissioners.
  • 1998 – SOA – Corporate Governance of Investments: Avoiding the Next Class-Action Suit, Society of Actuaries – 20p
  • 1999 – AP – Coordination of Earnings, Regulatory Capital and Taxes in Private and Public Companies, by Michael B. Mikhail – 54p
    • This paper analyzes how ownership affects managerial coordination of earnings management, capital management, and tax planning in the life insurance industry between 1975 and 1991.
    • I study the life insurance industry because these companies are required to disclose financial results for regulatory purposes, regardless of ownership structure.
    • My sample includes three distinct ownership structures: public and private stock companies and policyholder-controlled mutual companies.1
  • Report of the Governance Subgroup of the Former Special Advisory Committee to the Joint Working Group on Receivership/Guaranty Fund Policy Issues

1993-2, NAIC Proceedings