Mark to Market

  • 2009 0312 - GOV - MARK-TO-MARKET ACCOUNTING: PRACTICES AND IMPLICATIONS 
    • [PDF-420p. VIDEO-CSPAN]
    • ACLI Letter (p308-309)
    • ABA Letter (p310-
    • House - COMMITTEE ON FINANCIAL SERVICES SUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE, AND GOVERNMENT SPONSORED ENTERPRISES
  • The badly mistaken belief by some that mark-to-market accounting has no adverse implications for life insurance companies and more recently the cramdown provisions in the proposed bankruptcy legislation that would result, certainly could result in the unwarranted downgrades to life insurers’ AAA-rated residential mortgage-backed securities investments.
  • Those actions were all well intended, but in each instance, they occurred with little or no understanding of their effects on life insurance companies.

-- FRANK KEATING, PRESIDENT AND CEO, THE AMERICAN COUNCIL OF LIFE INSURERS

2009 0317 - GOV - Perspectives on Modernizing Insurance Regulation - [PDF-160pVideo-Senate-todo]