Troubled Companies
- Many troubled companies have become so because management has not been structured to recognize and address the problems that can arise in the insurance industry.
2004 - NAIC - Market Conduct Examiners Handbook - 1582p
- 2005 0419 - NAIC / FRB - Report of the NAIC and the Federal Reserve System Joint Troubled Company Subgroup: a comparison of the insurance and banking regulatory frameworks for identifying and supervising companies in weakened financial condition - 44p
- NAIC - Troubled Insurance Company Handbook
- NAIC - Troubled Company Working Group of the Examination Oversight (EX4) Task Force
- 1990-2, NAIC Proceedings
- Chair - Norman Koefoed, Chair (Ill);
- (p ) - The Chair notified the task force that a Non-Investment Bonds Working Group had been appointed to review companies with large holdings in non-investment grade bonds.
- The group had met three times since being organized.
- The initial concern has been with Executive Life Insurance Company of California.
- The group has received reports from both an independent actuarial firm and the company and is monitoring the situation.
- The chair advised that no precipitous action should be necessary against the company.
- In addition, the group has provided the California Department with a list of recommendations regarding needed information from the company.
- The chair stated that information provided to the group indicates the company to be in a very liquid position, with surrenders declining as compared to January and February of this year.
- Mr. Montgomery stated that the Actuarial Valuation Report from Milliman and Robertson should be completed by week end and copies would be available to states from the actuarial firm.
- 1990-2, NAIC Proceedings