TO DO
- 1977 10 – Changing Times – Adjustable Life Insurance - (p17-19) --- [BonkNote]
- Add PDF
- 1996 - LR - A Different Approach to Term vs. Whole Life Insurance, by Neil Rubenstein - 46p
- https://files.eric.ed.gov/fulltext/ED118816.pdf
- B. Individual Projects and/or Small Group Activities
- 1. A student might obtain sample applications and contracts from local life insurance companies or agencies and under the guidance of a teacher or possibly an agent fill out these items to better grasp the idea of what information insurance companies want and the requirements which must be met.
- 2. Students might be interested in investigating-the historical development of life insurance and discovering the various interesting aspects of the early industry
- BonkNote - Update
- NAIC Docs
-
2024 0214 - 'How is this legal?': A 72-year-old woman's life insurance policy is being terminated — despite her premiums being paid on time every month since 1987, TikToker says. How did this happen?, by Bethan Moorcraft - https://www.yahoo.com/finance/news/legal-72-old-womans-life-143000791.html
- 2000 - Book - Confounded expectations : the law's struggle with personal responsibility, by Jarecke, George W., 1953-
- archive.org/details/confoundedexpect0000jare/page/119/mode/1up
- Chapter - Conclusion: Vanishing Remedies - LC - Goshen v. Mony - p116-119
- 1969 - LR - Ownership and Transfer of Interests in Life Insurance Policies, by Lewis D. Asper - 45p
- Professor Vance was persuaded that the early statutes exercised an unusual influence on the development of insurance law.13
- 13 See Vance, The Beneficiary's Interest In A Life Insurance Policy, 31, YALE L.J. 343, 349-54 (1922)
- 1922 - LR - The Beneficiary's Interest in a Life Insurance Policy, by William Reynolds Vance - 18p
- Professor Vance was persuaded that the early statutes exercised an unusual influence on the development of insurance law.13
- https://www.bonknote.com/level-the-playing-field/
- NAIC - IULSG - Anderson
- 1) for companies and Consumers - [Bonk: Unfair Trade Practices ?]
- 2) LIAC - Conference Call - My Question - Birny, Anderson and Ohio Commissioner
- Mutuals v Stock Companies
- NAIC - IULSG - Anderson
- congress.gov/111/crpt/hrpt702/CRPT-111hrpt702.pdf
- REPORT ON THE ACTIVITY OF THE COMMITTEE ON FINANCIAL SERVICES FOR THE ONE HUNDRED ELEVENTH CONGRESS
- SECURITIZATIONS OF LIFE SETTLEMENTS
On September 24, 2009, the Capital Markets Subcommittee held a hearing entitled ‘‘Recent Innovations in Securitization. - INSURANCE - Insurance Regulatory Modernization.
- During the 110th Congress, the Capital Markets Subcommittee held a series of hearings on reforming insurance regulation and approved a number of incremental reforms, including a bill to strengthen the corporate governance standards and improve the effectiveness of risk retention groups, as well as other legislation described below. In the 111th Congress, the Committee will reconsider these previously approved reforms and, as part of its ongoing comprehensive review of the oversight of the financial services industry, will evaluate new policy alternatives for modernizing insurance regulation.
- Financial Guarantee Insurance.
- The financial guarantee insurance industry lies at the center of the ongoing credit and liquidity crisis that has roiled financial markets in recent months. Turmoil within this sector has caused tens of billions of dollars of losses to investors and financial institutions, and an unraveling of many secondary debt markets.
- Federal aid to insurers.
- Regulation of Insurer Systemic Risks. As part of its overhaul of systemic risk regulation, the Committee will look at the role insurance plays in the economy and its interconnectedness with other sectors of the financial services system. As noted above, insurers offering financial guarantee products, like AIG and the municipal bond insurers, have demonstrated that insurers and their holding
companies can create systemic risks. The Committee therefore will work to identify solutions aimed at mitigating the systemic risks posed by insurers or their holding companies.
- Regulation of Insurer Systemic Risks. As part of its overhaul of systemic risk regulation, the Committee will look at the role insurance plays in the economy and its interconnectedness with other sectors of the financial services system. As noted above, insurers offering financial guarantee products, like AIG and the municipal bond insurers, have demonstrated that insurers and their holding
- Guarantee Funds. To protect policyholders in the event of an insolvency of an insurer, each State has in place a system of guarantee funds. In this period of growing financial insecurity, the Committee will monitor the effectiveness of these systems to protect policyholders in the event of an insurer’s insolvency and study whether changes should be made to the present guarantee system if broader changes are made to the regulation of insurance.
- Insurance Investments. Insurance companies seek to match long term obligations with long-term investments. In doing so, many insurance companies invest in real estate, with an emphasis on commercial real estate. As the real estate sector faces unprecedented loss, life insurance companies sought capital and surplus relief from State regulators in late 2008. The Committee will monitor the financial health of insurance companies. Separately, the Committee may also examine the two investment pools in Massachusetts, one for property-and-casualty insurers and one for life insurers, working to help fund the development of affordable housing, commercial and industrial real estate, small business, and other community projects.
- Retirement Products. Given Americans increased reliance on personally controlled retirement savings and the proliferation of increasingly complex retirement products, the Committee will continue to monitor the response of the insurance industry to these developments, including review of the expected impact of the Security and Exchange Commission’s recently finalized indexed annuities rule, Rule 151(A). In its review, the Committee will explore the ability of financial regulators to adequately protect consumers of annuity products, especially in the current volatile markets, and
whether any gaps in functional oversight exist. - International Developments. Though regulated on a State-by State basis, the business of insurance has for many decades transcended State boundaries. The capital pools provided by the reinsurance industry and the adoption of international trade agreements have long since made the insurance industry a global one. For these reasons, the Committee will continue to monitor developments in international insurance regulation. As part of the larger topic of insurance regulatory reform, the Committee will also explore how the current State-by-State insurance regulatory system fits into an increasingly evolving global insurance marketplace.
- https://www.investor.gov/introduction-investing/investing-basics/investment-products/insurance-products/variable-life
- https://www.tiaa.org/public/pdf/monthly_performance.pdf
- https://content.naic.org/sites/default/files/inline-files/cipr_events_2012_cipr_symposium_program_handout.pdf
- CIPR White Paper: State of Life Insurance Industry Implications of Industry Trend
- https://theinsuranceproblog.com/cash-value-life-insurance-what-you-need-to-know/
- https://www.mass.gov/info-details/understanding-the-sales-materials-illustration
- https://www.forbes.com/advisor/life-insurance/secret-of-quotes/
- https://www.forbes.com/advisor/life-insurance/in-force-policy-illustrations/
• Dinallo v Bernanke
https://wvvw.governmentattic.orgM3docs/FedReserveResponseComgCmtees 2012-
2013.pdf
Nolhga Magazine
• Dinallo v Dinallo
• Dinallo v Geithner
2010 0127 - GOV (House-OGR) - The Federal Bailout AIG, Edolphus Towns (D-NY)
. [BonkNote]
• Dinallo v NAIC
2010 0910 - WSJ - 'Systemic Risk' Stonewall: Some bailout questions the Fed still
hasn't answered
[BonkNote]
Writing in our pages in February, former New York Insurance Superintendent Eric
Dinallo said that "policyholders would have been protected" in the event of an AIG
bankruptcy.
• That seemed clear enough. but then Mr. Dinallo immediately added that an AIG
bankruptcy "would have been bad for those same policyholders.'
• 2010 0202 - WSJ - What Learned at the AIG Meltdown: State Insurance
Regulation Wasn't the Problem, by Eric Dinallo - [link]
So which was it?
• State insurance regulators and industry analysts have since told us that Mr.
Dinallo was wrong when he suggested that policyholders would have suffered.
• McRaith Woodall / Paulson
YouTube - McRaith - You can talk now...
- https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2007-11-05%20FRB%20October%202007%20Senior%20Loan%20Officer%20Opinion%20Survey.pdf
- https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2006-09-00%20Treasury,%20FRB,%20FDIC,%20OTS%20and%20NCUA%20Notice%20of%20Proposed%20Illustrations%20of%20Consumer%20Information.pdf
- 2000-1, NAIC Proceedings
- (p824) - Discuss Policy Statement Concerning the Protection of Insurance Company Assets in the Insolvency of a Diversified Financial Holding Company
- 1989 NAIC Letter Industry - Too Complicated: Policy Information Universal Life Product Development WG
- Selections
- https://www.bonknote.com/consumer-liaison-committee-naic/
- Task Force on Life Insurance Disclosure System – LIDS – NAIC
- 2020 1110 - LIAC - NAIC - Presentation (p22-39) - CEJ, Birny Birnbaum - Re-Engineering Life and Annuity Illustrations and Disclosures - NAIC Life Insurance & Annuities (A) Committee - 124p
- [ ] - 2019 0830 - Letter - CEJ / Birnbaum to NAIC (LIIIWG) - Response to Recent Comments by the ACLI and NAIFA -
- [ ] - 2019 1115 - LIIIWG - CEJ, Birny Birnbaum -
- 2021 0811 - LIAC - NAIC - Summer National Meeting, Proceedings - 43p
- New Computer
- CSPaN download
- Marcy Kaptur
- John Sununu
- price of life insurance policy,
- 2013 / 2014 0314 - GOV (House) - Who Is Too Big To Fail? GAO’s Assessment Of The Financial Stability Oversight Council And The Office Of Financial Research - mp3-yes --where from
- Subcommittee on Oversight and Investigations
- McHenry, references AG Testimony re: not prosecuting big businesses
- 2000 - Statutory Issue Paper No. 89 - Separate Accounts - Finalized March 13, 2000 - Original SSAP and Current Authoritative Guidance: SSAP No. 56 - Type of Issue: Life Specific - 26p
- VIDEO-Senate-Error
- 2006 0711 - GOV (Senate) - Insurance Regulation Reform - [PDF-152p, VIDEO-Senate-error]
- 2008 0729 - GOV (Senate) - The State of the Insurance Industry: Examining the Current Regulatory and Oversight Structure - The Current State of Insurance Regulation, Oversight and Ways to Enhance Consumer Protection, Promote Competition and Efficiency, and to Address What Role, if any, the Federal Government should play - [PDF-472p, Video-Senate-Error]
- 2009 0305 - GOV (Senate) - American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation - (CSPAN) Government Intervention and Regulation of AIG - [PDF-72p, VIDEO-CSPAN - VIDEO-Senate-Error]
- 2009 0317 - GOV (Senate) - Perspectives on Modernizing Insurance Regulation - [PDF-160p, VIDEO-Senate-Error]
- Chairman Bernanke on Financial Regulatory Overhaul - [VIDEO-CSPAN]
- The recent financial crisis clearly demonstrated that risks to the financial system can arise not only from banks, but also from other financial firms -- such as investment banks or insurance companies -- that traditionally have not been subject to the type of regulation and consolidated supervision applied to bank holding companies.
- https://www.c-span.org/video/?281625-1/chancellor-exchequer-economic-situation
- Banking, Housing, and Urban Affairs - Hearings to examine 21st century communities, focusing on climate change, resilience, and reinsurance.
https://www.c-span.org/video/?513424-1/banking-housing-urban-affairs
- How long does it take for a Transcript of a Government Hearing Take?
- Example: 2022 0908 - GOV (Senate) - Current Issues in Insurance
- Where is "The Record"? As in "we'll put it in "the Record"?
- Ex: Royce, NP Article
- 2010 - Dodd-Frank Hearing PDFs
- Write Letter - RE: Videos
- House, Senate
- 2009 0318 - GOV (Senate) - Lessons Learned in Risk Management Oversight at Federal Financial Regulators - [PDF-181p, VIDEO-Senate-page
- Senate - Banking, Housing, and Urban Affairs Committee - Subcommittee on Securities, Insurance, and Investment
House
- 2008 0312 - GOV (House) - Municipal Bond Turmoil: Impact On Cities, Towns, And States - [PDF-262p, Video?-<WishList>
- Barney Frank - youtube.com/watch?v=J5UaGbZAi2w - 09:24 - <ToDo>
Senate - Banking - Page
- 2019 0912 - GOV (Senate) - Developments in Global Insurance Regulatory and Supervisory Forums
Senate - Banking - CSPAN
- 2019 0515 - Senate Banking Hearing on Oversight of Financial Regulators
- 2017 0511 - Housing Finance System - Mel Watt
- 2017 0502 - Banking, Housing and Urban Affairs
- 2016 0714 - Evaluating the Financial Risks of China
- 2016 0623 - Bank Capital and Liquidity Regulation Part II: Industry Perspectives
- 2016 0607 - Bank Capital and Liquidity Regulation
- 2016 0519 - Improving Communities' and Businesses' Access to Capital and Economic Development
- 2016 0414 - Examining Current Trends and Changes in the Fixed-Income Markets
- 2016 0405 - Assessing the Effects of Consumer Finance Regulations
- 2016 0303 - Regulatory Reforms to Improve Equity Market Structure
- 2015 0930 - Oversight of the Securities Investor Protection Corporation
- 2015 0729 - The Role of Bankruptcy Reform in Addressing Too-Big-To Fail
- 2015 0723 - Measuring the Systemic Importance of U.S. Bank Holding Companies
- 2015 0722 - Oversight of the Financial Stability Oversight Council Designation Process
- 2015 0525 - FSOC Accountability: Nonbank Designations
- 2015 0708 - The Role of the Financial Stability Board in the U.S. Regulatory Framework
- 2015 0521 - EXECUTIVE SESSION to mark-up original legislation entitled “The Financial Regulatory Improvement Act of 2015.
- 2015 0430 - Hearings to examine insurance capital rules and Financial Stability Oversight Council (FSOC) process.-
- https://www.c-span.org/video/?403711-1/examining-insurance-capital-rules-fsoc-process
- 2015 0325 - FSOC Accountability: Nonbank Designations-
- https://www.c-span.org/video/?104568-1/fsoc-accountability-nonbank-designations
- https://www.c-span.org/video/?104525-1/capital-formation-reducing-small-business-burdens
- https://www.c-span.org/video/?104579-1/examining-regulatory-regime-regional-banks
- https://www.c-span.org/video/?99312-1/banking-housing-urban-affairs-securities-insurance-investment
- https://www.c-span.org/video/?98175-1/federal-reserve-accountability-reform
- https://www.c-span.org/video/?97728-1/regulatory-relief-community-banks-credit-unions
- https://www.c-span.org/video/?95826-1/improving-financial-institution-supervision-examining-addressing-regulatory-capture
- https://www.c-span.org/video/?93583-1/assessing-enhancing-protections-consumer-financial-services
- https://www.c-span.org/video/?93006-1/banking-housing-urban-affairs-economic-policy
- https://www.c-span.org/video/?91793-1/examining-gao-report-expectations-government-support-bank-holding-companies
- https://www.c-span.org/video/?91912-1/examining-gao-report-expectations-government-support-bank-holding-companies
- https://www.c-span.org/video/?91002-1/makes-bank-systemically-important
- https://www.c-span.org/video/?292071-1/systemic-risk-monitoring-regulation
- https://www.c-span.org/video/?13617-1/dark-pools-flash-orders-high-frequency-trading-market-structure-issues
- 2015 0325 - GOV (Senate) - FSOC Accountability Nonbank Designations - [PDF-165p, VIDEO-CSPAN -todo]
- Ratebook Examples
- Videos / Audios
- Requests
- Illustration Examples
- Bumenthal
- Adjustable Life - Legal Case
- LIRP - Walker v LSW
- Vanishing Premiums - 1991-1992 SOA Final Report Task Force
- Vogt
- 1993 gov who - John Hancock
- 199x - NAIC -
- Illustration Narrative Examples
- NAIC LIIIWG Examples
Universal Life is not well understood and part of the mystery about it may well be due to a failure in my communication......
- .......Universal Life was developed in 1962 as a generic plan, which means that it subsumes all other life insurance products.
1987 - Book - The Search for New Forms of Life, by G. R. Dinney
- paulson - Couldn't tell you how bad it was
- Dorgan
- 2008 1003 - President Bush and Secretary Paulson Statement
- https://www.congress.gov/event/114th-congress/senate-event/LC35970/text?s=1&r=44
-
05/16/2019 - Oversight of Prudential Regulators: Ensuring the Safety, Soundness... (EventID=109501)
Financial Services Modernization
- [PDF-Can't Find, VIDEO-CSPAN]
- Financial Services Modernization Act of 1999, would repeal part of the Glass-Steagall Act of 1933
Markups
- Scism
- NAIC
- 582
- 580
- ULMR
- 2008 0924 - THE FUTURE OF FINANCIAL SERVICES: EXPLORING SOLUTIONS FOR THE MARKET CRISIS
- Federal Financial Market Rescue Plan, Part 2
- https://www.c-span.org/video/?281318-102/federal-financial-market-rescue-plan-part-2
- Bernanke, Paulson
- 2011 0316 - GOV - Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose -
- FEBRUARY 12, 2010
Systemic Risk Monitoring and Regulation
The committee heard testimony on the tools financial regulators need to monitor the systemic risk for financial institution - https://www.c-span.org/video/?292071-1/systemic-risk-monitoring-regulation - 2011 0510 - GOV - REVIEWING THE FINANCIAL CRISIS INQUIRY COMMISSION'S FINAL REPORT
- [PDF-88p, Video-Senate]
- Senate - COMMITTEE ON BANKING,HOUSING,AND URBAN AFFAIRS UNITED STATES SENATE
- Finding the Right Capital Regulations for Insurers
- [PDF-105p, VIDEO-CSPAN]
- Senate - COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS - SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION
- 2015 0325 - GOV - FSOC Accountability Nonbank Designations
- [PDF-165p, VIDEO-CSPAN -todo]
- [PDF-165p, VIDEO-CSPAN -todo]
- The State of the Insurance Industry and Insurance Regulation
- MP4 -2015 0708 - GOV - The Role of the Financial Stability Board in the U.S. Regulatory Framework
- [PDF-109p, VIDEO-CSPAN]
- Senate - BANKING, HOUSING, AND URBAN AFFAIRS
- 2015 0722 - GOV - Oversight of the Financial Stability Oversight Council Designation Process
- [PDF-48p, VIDEO-CSPAN]
- Senate - COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS - SUBCOMMITTEE ON SECURITIES, INSURANCE, AND INVESTMENT
- mp4 - 2015 0929 - The Impact of Domestic Regulatory Standards on the U.S. Insurance Market
- [PDF-152p, VIDEO-CSPAN, VIDEO-YOUTUBE]
- Subcommittee - Housing, Community Development and Insurance
- 2008 0923 - GOV - TURMOIL IN U.S. CREDIT MARKETS:
RECENT ACTIONS REGARDING GOVERNMENT– SPONSORED ENTITIES, INVESTMENT BANKS, AND OTHER FINANCIAL INSTITUTIONS, aka U.S. Credit Markets and Federal Rescue Plan- [PDF-138p, VIDEO-CSPAN]
- Senate - COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
Media
- Videos
- X - Van Mueller
- 1985 - GOV - Beck - VP
- 1991 - GOV - Executive Life - Garamendi
- 199x - GOV -
- Guy - You owe us
- Chicago Woman -
- ACLI / Pacific Life - Sutton - Disclosure
- 2004 - GOV -
- Insurance Commissioner Turnover - Bill Nelson
- 2009 - GOV - AIG Collapse
- Caroline / Liddy - 17-20bn
- Gov - FTC, J Robert Hunter,
Selections
- 1988 NAIC Oregon Lttr - 2 page
- 1970s - NAIC LIAC Index
- Ratebook Examples
- 1987 Best's Flitcraft
- MetLife
- Prudential
- Minnesota Life - Adjustable Life
- Universal Life
- 1987 Best's Flitcraft
- 1977 - Changing Times - Adjustable Life - redo
- Illustration Examples
- Legal Cases
- 1985 -
- Vogt
- Blumenthal
- Vanishing premiums
- SOA - 1991-1992 Task force
- NAIC - 199x -
- Linda Lanam
- Chris Kite
- ACLI
- Legal Cases
- MarkUps
- Scism
- LIIMR
- LISMR
- Binder - Basics
Snippets
- Walker v LSW - Agent - Why would pay anymore than minimum premium?
- Blumenthal v New York Life - Defendant's Expert Witness - Product Performance Chart
- Make Example of Vogt v State Farm
GOV Hearings
Videos- ????
- 2006/07/18 - PERSPECTIVES ON INSURANCE REGULATION
- https://www.banking.senate.gov/hearings/perspectives-on-insurance-regulation
- "An Error has occurred"
- 2006 0711 - GOV - Insurance Regulation Reform
- [PDF-152p, VIDEO-Senate - error]
- Senate - COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
Youtube-
-
2008 0828 ?? - Dinallo on MBIA deal - Youtube - [link]
People
- Donna Claire
Legal Cases
- Blumenthal vs New York Life
- New York Life - Expert Witness Report
- Sanderford - Actuarial Absurdity
- Faye v Aetna
- Wishlist -
- Fairbanks vs Farmers
- Agent - 3 hours UL Training
- Johnston x2 v Conseco
- Video
- Judge - 1st Principles - Premium
- Judge - Dad said don't buy Flexible Premium
- Video
- v Lincoln
- Walker v LSW
- Video - Illustration doesn't show Cost
- NAIC - 199x - 1) no room 2) Confusing
- Video - Illustration doesn't show Cost
- 1990's
- Prudential
- MetLife
Books
- General
- Scientific Revolutions
- They Say, I Say
- Archives
- The Hidden Factor: Why Thinking Differently Is Your Greatest Asset, By: Scott E. Page, The Great Courses
- Technical
- The Politics and Mysteries, EW
Letters:
- AAA
- Donna
- Laura
- ACLI
- Reeder
- Lovendusky
- Regulators
- Teresa Winer
- Cliff
- Academics
- David Lange