Missouri

  • John Huff
  • Mary Mealer
  • Joseph Thompson, insurance commissioner of Missouri (?-July 30, 1933)
    • 1936 DECEMBER 1, 2, 3, 7, 8 - GOV (House) - Investigation of Real Estate Bondholders' Reorganizations - Part 20 (and 21) - Adolph J. Sabath (D-IL)   ---   [BonkNote]
  • 2009 0303 - Missouri Insurance Commission - AIG Frequently Asked Questions - [link]
  • Ann Wagner (R-MO)
    • 2013-Current (as of 2023) - US House
  • Emanuel Cleaver (D-MO)
    • 2005-Current (as of 2023) - US House
  • Blaine Luetkemeyer (R-MO)
    • 2009-Current (as of 2023) - US House
  • (p2) - Chairman Blaine Luetkemeyer (R-MO), I especially want to thank you for participating in our NAIC Commissioner FlyIn earlier this year – your remarks were extremely well received and a great way to kick off two days of meetings with members of the administration and our Congressional delegations. I also want to recognize the Ranking Member, Congressman Cleaver (MO), another fellow Missourian.
  • As you know, your district is home to the NAIC’s central office and we appreciate your continuing support of our organization and state insurance regulation.  

--  John Huff, Director Missouri Department of Insurance, On Behalf of the National Association of Insurance Commissioners - 13p

2015 0929 - GOV (House) - The Impact of Domestic Regulatory Standards on the U.S. Insurance Market, Blaine Luetkemeyer (R-MO)  ---  [BonkNote]

  • 2011 05 - Missouri - RE: Examination Report of AGC Life Insurance Company (As of: December 31, 2009 ) - 25p
    • The current full scope financial examination covers the period from January 1, 2007, through December 31, 2009, and was conducted by examiners from the state of Missouri representing the Midwestern Zone of the NAIC with no other zones participating. This examination also included material transactions or events occurring subsequent to December 31, 2009.
  • SUMMARY OF SIGNIFICANT FINDINGS
    • AGC Life Insurance Company operates as a holding company that directly owns six domestic life insurance subsidiaries and one foreign subsidiary.
    • The domestic subsidiaries lost $17.5 billion in 2008 as a result of their participation in a securities lending program sponsored by its upstream parent, American International Group, lnc. (''AIG").
    • AIG made capital contributions in 2008 to substantially offset these securities lending losses from funds primarily obtained from the U.S. government.
    • However the subsidiaries incurred significant damage to their reputations because of their association with AIG and this reputational damage resulted in a substantial loss of business that may be considered a threat to their future level of profitability.
    • As a result the subsidiaries could be dependent on additional capital contributions from AlG to maintain their capital positions.
  • 3. Report of Subgroup on Unfair Trade Practices Act, Brad Connor (Mo.), Chair of the Subgroup on the Unfair Trade Practices Act.
    • presented his written report dated Oct. 11, 1990 (Attachment Eight-B, p221).
    • He reported that he had been given further direction from the NAIC leadership regarding the pursuit of .... the practice of agents "low-balling" insurance premium quotations.
    • 3. The subgroup will continue to investigate and suggest potential remedies or articulate currently available powers to more effectively deal with the practice of agents low-balling insurance premium quotations.

1991-1A, NAIC Proceedings

  • Mr. Crume: (Staff Actuary) - re: the Missouri State Life Insurance Co. of St. Louis, Mo.
    • This company had approximately one billion of life insurance in force when it failed.
    • It held approximately $160,000,000 of premium payers and widows' and orphans' savings funds.
    • This is the largest serious failure of any old-line legal-reserve life-insurance company in the history of this country.
    • Its failure was preceded by manipulations involving numerous other insurance companies that leave one amazed when recited. (p4)

1936 December 1, 2, 3, 7, 8 - GOV (House) - Investigation of Real Estate Bondholders' Reorganizations - Part 20 - Adolph J. Sabath (D-IL)   ---   [BonkNote]

  • 1972 0724 - Federal Register - [38p]
  • William L. HUNGATE (D-MO-House): Mr. Speaker, the State of Pennsylvania is taking what may be a leader's role in analyzing State insurance problems.
    • The following article should be of interest to all who purchase life insurance:
    • A national shopper's guide for life insurance shows that some major companies charge more than twice as much as others for similar policies, and that some of the best known firms charge the most for coverage.
    • NP - Variation in Surety Cost Charges Can Double From Firm to Firm, By Bob Woodward
      • A national shopper's guide for life insurance shows that some major companies charge more than twice as much as others for similar policies, and that some of the best known firms charge the most for coverage.
      • Among the life insurance firms doing business in the Washington area, for example, average annual cost for the same $10,000 straight life policy from Connecticut Mutual Life is $22.40 compared to $53.10 a year from Travelers Insurance Co.
        • This means that over 20 years it takes to pay off such a policy, the Counnecticut Mutual subscriber would pay $448, compared to $1,062 paid by a subscriber of Travelers. (p25109)