Synthetic Guaranteed Investment Contract – (GIC) 1995 – SOA – Synthetic Guaranteed Investment Contracts (GICs): AN Overview, Society of Actuaries – 22p Synthetic Guaranteed Investment Contracts Model Regulation – [GICs] – NAIC – MDL-695 – 32p 1999 – AAA to NAIC – Synthetic Guaranteed Investment Contracts Model Regulation, American Academy of Actuaries – 19p Transamerica Stable…

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GICs – SEC In June 1977, the Commission issued Securities Act Release No. 5838 (June 22, 1977) [41 FR 32861] (“Release No. 5838”) which solicited public comments on the ways in which guaranteed investment contracts are similar to and different from traditional deferred annuity contracts. This release emanated from a study by the Commission’s Division…

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Senate – PSI – Permanent Subcommittee on Investigations Senate – Permanent Subcommittee on Investigations – 2008 Financial Crisis – Levin – Coburn 2013 0315 – GOV (Senate) – JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuse, Carl Levin (D-MI) Volume 1 of 2 – [PDF-1317p – VIDEO-CSPAN-Part 1] Volume 2 of…

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1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries – 142p 1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries  —  [BonkNote]  —  142p Appendix II – Illustration Examples *Opinions expressed herein are…

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Vanishing Premium – Legal Cases Vanishing Premium 1999 1223 – hurwitzfine.com/news/coverage-pointers-volume-i-no-13 1995 – MDL-1061 – IN RE: Prudential Insurance Company of America Sales Practices Litigation NJ 04/27/1995 08/03/1995 12/17/2003 2.2 Million People, Settlement $2,200 /person 1996 –  MDL -1109 – IN RE: Manufacturers Life Insurance Company Premium Litigation Moskowitz, Barry Ted CAS 02/28/1996 07/17/1996 03/19/2001 1997…

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MONY – Mutual Life Insurance Company of New York MONY – Mutual Life Insurance Co. of New York F/K/A Mutual Life Insurance Company of New York Walter Bell 1983-2003, vice president of the Mutual Life Insurance Company of New York, aka Mutual of New York, aka MONY  2003-2008 – Alabama Insurance Commissioner 2007 – NAIC…

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AIG – Timeline – Dinallo LC – 11-0779 – Starr International Company vs United States – Page 22 of 99 2008 0916 – (a) On September 16, 2008, Dinallo reiterated Governor Paterson’s offer to allow AIG to upstream $20 billion from its insurance subsidiaries (Dinallo Dep. 214:13- 21). Geithner responded, “No, we’re good” (id. at 215:16-18).…

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AIG – Insurance Regulators 2009 0303 – Missouri Insurance Commission – AIG Frequently Asked Questions – [link] (a) On September 16, 2008, Dinallo reiterated Governor Paterson’s offer to allow AIG to upstream $20 billion from its insurance subsidiaries (Dinallo Dep. 214:13- 21). Geithner responded, “No, we’re good” (id. at 215:16-18). As a result, Dinallo was “led…

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1912-0 Perhaps no abuse in recent years has been productive of more financial loss than than the sale of stock in wildcat insurance enterprises…  (p88) 1912-0, NAIC Proceedings

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