Youtube The And Asset The And Asset – Answering The Most Complex Life Insurance Questions – Tommy Smoot, Guardian 16 – Dom – Why don’t people get the Cash and the Death Benefit? 19 – Smoot – problems come when agents and consumers don’t understand moving parts. VUL in 2000s. Illustrated Rates were too Rosy….…

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Liquidity Assessment Subgroup – NAIC March 12, 2000 March 26 in regulator-to-regulator session 2017 0911 – Liquidity Assessment (EX) Subgroup – Conference Call [PDF-Attachment 1-90p] NEW NOTE 33. Analysis of Life Actuarial Reserves and Deposit Type Liabilities by Withdrawal Characteristics (Renumber subsequent notes) Instruction: Disclose the amounts of account value, cash value and reserve for…

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Financial Stability Task Force (EX) – NAIC 2022 – content.naic.org/sites/default/files/national_meeting/Minutes-FSTF.pdf 2022 1028 – NAIC – Financial Stability (E) Task Force and Macroprudential (E) Working Group, Virtual Meeting – 9p Commissioner Caride further reported that the Financial Stability (EX) Task Force’s mandate is to analyze existing post financial crisis regulatory reforms for their use in identifying macroeconomic trends,…

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Macroprudential versus Microprudential Regulation Common Exposures Contagion Liquidity modeling Mass lapses macroprudential surveillance Systemic amplifiers Triggers NAIC Liquidity Stress Testing (LST) Framework NAIC MACROPRUDENTIAL INITIATIVE (MPI) – [link] Macroprudential Task Force (MPTF) of the American Academy of Actuaries Common Exposures 269 For instance, in 1991 six major life insurers, each with over $4 billion in…

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Drexel Burnham Lambert Michael Milken Executive Life Insurance Company Frederick Joseph Robert Linton Leon Black Drexel Burnham Lambert Apollo Global Management – co-founder and former CEO of the private equity firm  Leon Black, Chairman and CEO of Apollo Global Management – [VIDEO-YouTube] Joe Cassano – AIGFP 1991 – Book – Den of Thieves, James B. Stewart…

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Q: Universal Life – Who wanted this? In more modern times, insurance products became considerably more complex (e.g., universal life type products with various forms of guarantees, various forms of renewable term, etc.). These products arose from a significant rise in interest rates in the early 1980’s and a wave of consumer demand for products…

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Universal Life – Commissions Mr. Douds – I know that one of the problems with the new products when they were first introduced was that agents didn’t feel that they paid high enough commissions, and since that time, companies interested in marketing those products have tried to adjust their compensation plans accordingly to make their…

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Corridor Chairman Pete STARK (D-CA):  Or, on the other hand, do you think we should get into more of the definition, as Mr. Gregg suggested we did in TEFRA, where we spell out percentages of cash value to face value? <Gregg, Thomas, National Association of Life Underwriters..> (p328) 1983 0510, 0511 and 0728 – GOV…

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GLBA – Gramm–Leach–Bliley  enacted November 12, 1999 2000 – AP – Banking and Insurance: Before and after the Gramm-Leach-Bliley Act, by Markham, Broome – 66p 1991 – GreenBook- federalreserve.gov/monetarypolicy/fomchistorical1991.htm PUBLIC LAW 106–102—NOV. 12, 1999 – https://www.govinfo.gov/content/pkg/PLAW-106publ102/pdf/PLAW-106publ102.pdf https://ia802703.us.archive.org/14/items/hr10thefinancial00unit/hr10thefinancial00unit.pdf wikipedia-Gramm Leach Bliley Act – GLBA Banking, Housing, and Urban Affairs The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act…

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Completely Flexible Life Insurance Plans (Universal Life Insurance Plans) 1981-2, NAIC Proceedings – Completely Flexible Plans – p785-786 – 2p “Varying Gross Premium Plans” topic in the June 1980 The following other life insurance topics are closely related to this topic: “Revision of the Standard Valuation Law and the Standard Nonforfeiture Law for Life Insurance;” “American…

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