Taxonomy A few companies have introduced a product known as Universal or Total Life. (p70) 1982 – Book – Life Insurance, by Huebner and Black    [Bonk: This passage was in Chapter 5 titled “Term Insurance] Out of curiosity, I examined Conning and Company’s printed studies on twenty-two large stock life insurance companies … Among those companies showing…

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International International – Index 2002 – IAIS/World Bank – Supervision of Insurance Operations – 140p 2013 – SOA – Life Insurance Regulatory Structures and Strategy: EU Compared with US – 92p

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Examples Coverage Period – Examples Illustrations – Examples Premium Benefit Pattern – Examples

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Communications Communications – Index Communication Language William Koenig (Northwestern Mutual) suggested that the parties all needed a common understanding of the terms used in their discussion. (p655) 1993-4, NAIC Proceedings – Life Disclosure Working Group – NAIC actuaries.org///Formal_Public_Statements content.naic.org/sites/default/files/inline-files/NAIFA%20Life%20Illustration%20Comments%208.09.21.pdf COP (Congressional Oversight Panel) – Testimony Regulations.gov AAA – American Academy of Actuaries  AAA to GOV AAA…

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Indexes ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ACLI – American Council of Life Insurers – Index Activities – Index Actuarial – Index Adjustable Life Insurance – Index Agents – Index AIG – American International Group – Index Back to top B Bank – Index Benefits – Index Bills – Index Books – Index Back to top C Canada –…

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Regulatory Regulatory Forbearance Regulatory Reform Regulation Deregulation Functional Regulation Securities Regulation State vs Federal Regulation 2022 1109 – AP – Regulatory Competition in the US Life Insurance Industry, Johnny Tang – 88p Competition between jurisdictions is a central feature of many public policy problems. I examine the consequences of such competition in the US life insurance…

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Financial Services 1969 – SOA – Diversification of Life Companies to Financial Services, Society of Actuaries – 84p a) Includes expansion within the insurance business into new lines not previously offered: for example, health, group, property and casualty, variable annuities, mass marketing, pensions. Financial Services Integration Financial Services Modernization House – Financial Services Committee Financial…

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Company https://www.sec.gov/Archives/edgar/data/713002/000119312507046636/filename1.htm – kemper Individual Companies Company Culture Company Investments Company Taxes Insolvencies Run on the Life Insurance Company   “It is a general principle of corporate law deeply ingrained in our economic and legal systems that a parent corporation (so-called because of control through ownership of another corporation’s stock) is not liable for the…

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Accounting Fair Value Accounting GAAP – Generally Accepted Accounting Principles Mark to Market Accounting SAP – Statutory Accounting Principles IAS – international accounting standards for insurers “natural reserve theory” AICPA – American Institute of Certified Public Accountants The CPA letter FASB – Financial Accounting Standards Board IFRS – International Financial Reporting Standards IASB – International…

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Life Insurance Life insurance, because it is a nontangible product, is extremely susceptible to being perceived as whatever people think it to be. —  Larry Silkes 1983 – SOA – Universal Life Valuation and NonForfeiture: A Generalized Model,  Shane A. Chalke and Michael Davlin, Society of Actuaries – 72p (p30) – Life insurance is a theme…

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