Regulatory Forbearance

  • GAO has indicated that the dreaded forbearance word was at fault in failing to mitigate, if not prevent, these financial failures. (p3)
  • The failures of Executive Life, First Capital and Fidelity Bankers last year have raised concerns about the financial condition of the insurance industry, the adequacy of regulatory supervision, as well as the sufficiency of policyholder protection provided by insurance guarantee funds. (p2)

-- SENATOR JAKE GARN

1992 - GOV - Causes and Implications of Insurance Company Failures