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
    •  
  • 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
  • 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
  • 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.
      • 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.

• 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...

  • 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 - 
      • 2021 0811 - LIAC - NAIC - Summer National Meeting, Proceedings - 43p
      • 2021 0811 - LIIIWG - NAIC - Life Insurance Illustrations Working Group - Next Steps Summary Comment Chart,  (p8-43) - 43p
    • [  ]  - 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-152pVIDEO-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-472pVideo-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-72pVIDEO-CSPAN  -  VIDEO-Senate-Error
    •  
    • 2009 0317 - GOV (Senate) - Perspectives on Modernizing Insurance Regulation - [PDF-160pVIDEO-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
  • How long does it take for a Transcript of a Government Hearing Take?
  • 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

Senate - Banking - Page

Senate - Banking - CSPAN

  • 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
  •  

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
  • 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-105pVIDEO-CSPAN]
    • Senate - COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS - SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION 
  • 2015 0325 - GOV - FSOC Accountability Nonbank Designations
  • 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
  • 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
  • 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

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
  • 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
  • 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- ????

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
  • v Lincoln
  • Walker v LSW
    • Video - Illustration doesn't show Cost
      • NAIC - 199x - 1) no room 2) Confusing 
  • 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. PageThe Great Courses  
  • Technical
    • The Politics and Mysteries, EW

Letters:

  • AAA
    • Donna
    • Laura
  •  ACLI
    • Reeder
    • Lovendusky
  • Regulators
    • Teresa Winer
    • Cliff
  • Academics
    • David Lange