Problem – Insurance Regulators

Problem – Insurance Regulators

• II. REGULATORS’ PROBLEMS
• The development of new products and the entry into new lines of activities by financial organizations have presented regulators with serious new problems.
• These problems have shown up in the area of protections afforded buyers of these products and most especially in the area of regulating the operations of companies with a view to solvency.

—  Dick (Richard) Minck (Executive Vice-President of the American Council of Life Insurance (ACLI) and the newly elected Secretary of the Society of Actuaries)

1984 – SOA – Changes in the Canadian Regulatory Framework for Life Insurance, Society of Actuaries – 36p