Guarantee
FGIC – Federal Insurance Guaranty Corporation
FGIC – Federal Insurance Guaranty Corporation 1969 – GOV (Senate) – Insurance Regulation – Warren G. Magnuson (D-WA) https://library.cqpress.com/cqalmanac/document.php?id=cqal69-1248592 HELD HEARINGS—Nov. 12, 19 and 20 on a bill (S 2236) to create a Federal Insurance Guaranty Corporation (FIGC) to protect customers from insolvency of certain insurance companies. Under the bill, the corporation would be patterned after the Federal…
Read MorePre-funded Guaranty Fund
Pre-funded Guaranty Fund NP – NYT-? – Mutual Benefit – Industry thinking about prefunded Fund. 1995-1, NAIC Proceedings Commissioner Robert Wilcox (Utah) agreed and suggested that there be a charge to the appropriate committee for the NAIC to study and consider a pre-funded guaranty fund and whether an interstate compact would be an appropriate mechanism…
Read MoreAIG – Company Guarantees to Subsidiaries
AIG – Company Guarantees to Subsidiaries AIG Financial Products (AIGFP) AIG Life Holdings AIG Life Holdings (US), Inc. (AIGLH), formerly known as American General Corporation, a holding company and a wholly owned subsidiary of AIG. AIG provides a full and unconditional guarantee of all outstanding debt of AIGLH. (p82) AIG – Form 10-Q – For…
Read MoreAIG – GIAs – Guaranteed Investment Agreements
AIG – Guaranteed Investment Agreements – GIAs AIG Financial Products Corp. and its subsidiaries (AIGFP) structure financial transactions, including long-dated interest rate and currency swaps and structure borrowings through notes, bonds and guaranteed investment agreements. (See also Note (e) of Notes to Financial Statements.) 1999 0930 – AIG – 10Q – 51p (p – A significant portion…
Read MoreNCIGF – National Conference of Insurance Guaranty Funds
NCIGF – National Conference of Insurance Guaranty Funds ncigf.org/ Date-? – Letter – Joint Submission of NOLHGA And NCIGF Regarding the NAIC Model Law Working Group’s Survey of States’ Receivership Laws – 3p
Read MoreQ: Guaranty Fund – Who Pays?
Q: Guaranty Fund – Who Pays? Ultimately the public pays for everything. — Eden Safarty (President / NOLHGA – National Organization of Life and Health Insurance Guaranty Associations): 1991 0227, 0507, 0509, 0523 – GOV (Senate) – Insurance Company Solvency, aka Insurance Company Insolvencies – [PDF-369p-GooglePlay] ->Not on govinfo.gov – 0509-VIDEO-CSPAN] (p186) – Senator Howard Metzenbaum (D-OH).…
Read MoreNon-Guaranteed Cost Element – ACLI
Non-Guaranteed Cost Element – ACLI A couple of ACLI groups have also been studying various aspects of universal life insurance. The Council’s Subcommittee on Cost Comparisons has proposed that cost disclosure requirements for universal life plans be generally similar to those for traditional life insuranceplans as provided by the NAIC Model Life Insurance Solicitation Regulation.…
Read MoreFinancial Guarantee Insurance
Financial Guarantee Insurance Monolines Bond Insurers FRB – Federal Reserve Board NAIC – Financial Guarantee Study Group Model Financial Guarantee Insurance Act SEC – Securities and Exchange Commission The financial meltdown that began in 2007 revealed problems with financial guarantee insurers and regulation of these insurers. 2011 – JIR / NAIC – Financial Guarantee Insurance…
Read MoreHidden Defect / Non-Guaranteed Elements – NGEs – Walker v LSW
Hidden Defect – Non-Guaranteed Elements – Walker v LSW DOC 815 TRANSCRIPT for proceedings held on 2/14/2011 – 41p (p11) – Brosnahan: I would like to move on to the non-guaranteed elements unless the Court has any questions. THE COURT: No. MR. BROSNAHAN: There are two aspects in which we contend that the illustrations were…
Read MoreNonguaranteed Guarantees
Nonguaranteed Guarantees Next is the topic of nonguaranteed guarantees. The ploy here is how to persuade your agents and your prospective policyholders that you probably won’t increase premium rates, but be sure that they understand that you retain the right to increase rates. — James N. Van Elsen 1999 – Impact of Regulatory Uncertainty on…
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