Archive for February 2022
Daniel Schwarcz – Government Hearings
Daniel Schwarcz – Government Hearings Daniel Schwarcz (p25) – Daniel Schwarcz: … the way you have to have disclosure is not by telling people here is what insurance is and here are the questions you need to think about. You need to provide them with the information they need to make decisions. 2011 0914 – GOV…
Read MoreTranscripts
Transcripts 2014 0917 – GOV (House) – Oversight of the FSOC Council – PDF-72p – Video (p1) – Chairman Patrick McHenry – (R-NC) – The FSOC may well be the least transparent Federal entity in the government. Of the 42 meetings held, no substantive description of discussions or members’ perspectives have been provided in the…
Read MoreBlaine Luetkemeyer
Blaine Luetkemeyer Congressman – (R-MO-2009-Current, as of 2022) 2015 0429 – GOV (House) – The Impact of International Regulatory Standards – [PDF-125p, part 1 – VIDEO-youtube , Part 2 – VIDEO-youtube] (p19) – Mark Van Der Weide – (Deputy Director, Division of Banking Supervision and Regulation, at the Federal Reserve Board of Governors) The FSOC publicizes a…
Read MoreCash Value Life Insurance – Confusing
Cash Value Life Insurance – Confusing Cash Value Gary Sanders (National Association of Insurance and Financial Advisors—NAIFA) agreed that use of the term “cash value” was confusing. 2017 0217 – NAIC – LIBG WG Conference Call (p66) – Statement James Collins (R-TX) – Much misunderstanding of cash value life insurance has been caused when people…
Read MoreProblem Banks
Problem Banks FDIC 1976 – GOV – House Hearing, 94th Congress – Oversight hearings into the effectiveness of Federal bank regulation (regulation of problem banks): hearings before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-fourth Congress, second session – 144p
Read MoreChris Dodd
Chris Dodd Senator (D-CT) wikipedia.org/wiki/Chris_Dodd 2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation – aka Government Intervention and Regulation of AIG – [PDF-72p, CSPAN, – Video-Senate-Error] (p33) – Chairman DODD. And again, looking at the statement by Mr. Dinallo, and they argue this, we all…
Read More2019 0917 – LIIIWG – NAIC – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance
2019 0917 – NAIC – LIIIWG – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance 2019 0917 – NAIC – LIIIWG – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance (COI) — [BonkNote] (A) – NAIC Proceedings (B) – [Bonk: Not in NAIC…
Read MoreSolutions – Communication
Solutions – Communication Mr. Tom Sutton (ACLI / Pacific Life) – My personal opinion is that I would not have any problem with a kind of disclosure that could be communicated simply, but was based on extensive analysis by someone capable of making the appropriate analysis. I would not like a simplistic disclosure that…
Read MoreProblems – Language
Problems – Language The “unbundling’ of services and other product differences between Universal Life and Ordinary Life cause current literature to be inapplicable, as well as insufficient, for Universal Life. 1984 Journal – American Academy of Actuaries I then said, “No, read the agreement. We’re not going to ask for that kind of thing.” I was…
Read MoreUm – Premium
Um – Premium 2019 0830 – Life Insurance Illustrations Issues Working Group – CEJ Letter – 12p The personalized information in the Policy Overview is the premium for the policy – based on information known to the producer or insurer at the time and subject to change based on additional or revised information – and that information…
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