Shadow Insurance Recently I have noticed other disturbing signs, indicated by an increase in formation of overseas domiciled subsidiary or “Shadow Insurers” designed for use in the U.S. surplus markets. These “Shadows” of prominent U.S. insurers are popping up all over the world and are beginning to mark the escape of U.S. insurance company investment…

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Minnesota Fred Andersen Minnesota Insurance Commission – Actuary Chair – NAIC IULSG –  Thomas H. Borman, Former Commissioner of Commerce, State of Minnesota  1991 0717 – Testimony – Thomas H. Borman, Partner, Maslon, Edelman, Borman and Brand, Former Commissioner of Commerce, State of Minnesota – 9p 1991 0717 and 0724 – GOV (House) – Life Insurance…

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Premium Loan Automatic premium loan A loan provision in a life insurance policy allowing any premium not paid by the end of the grace period (usually 30 or 31 days) to be paid automatically through a policy loan if cash value is sufficient. (p134) 2016 – ACLI Fact Book – 186p J. B. WALKER felt…

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Life Insurance and Annuities Replacement Model Regulation – MDL-613 Many states which have adopted the Replacement Regulation have found that it acts as a “license to steal.” It is generally used effectively by the professional twister and provides him with a defense in the event his sales techniques are questioned. (p544) — Life Insurance Cost…

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1992-2b (p1049) – LIFE & HEALTH ACTUARIAL (TECHNICAL) TASK FORCE Proposed new NAIC Model Regulation for Valuing Life Insurance Policies (Attachment One-H)   ………..1084 Proposed new Actuarial Guideline EEE, Valuation Requirements of “Term-Like” Universal Life Insurance Products (Attachment One-1)…..1109 Letter Describing Work of American Academy of Actuaries Committee on Life Insurance on Sales Illustrations and Non-guaranteed…

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1993-1 LIFE INSURANCE (A) COMMITTEE Monitor the activity of the Life Disclosure Working Group as it considers establishing requirements for policy illustrations or ledger information disclosed or made available to consumers of life insurance.  Review the appropriate time for delivery of the Guide to Buying Life Insurance After Age 60. Survey consumers to evaluate the…

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