We are seeing a real crisis in confidence:

• That, in my mind, is probably the worst thing that could happen.   
• There is not a company in the country that can stand runs that Commissioner Weaver was talking about, where people ask for $1 billion in policy loans and surrenders in a 2-week period.  (p13)

---  William McCartney, Director of Insurance, State of Nebraska and Vice President, National Association of Insurance Commissioners (NAIC)

1991 0729 - GOV (House) - Regulation of Insurance Companies and the Role of The National Association of Insurance Commissioners - [PDF-286p