Non-Participating Policies Premium Considerations The non-guaranteed premium concept can be utilized for all forms of nonparticipating insurance, including both term and permanent policies. In setting insurance premiums, the actuary can use pricing assumptions that are as realistic as possible. The actuary is not locked into “50 years” of insufficient premiums if his or her estimates…

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Nonbank Banks 1985 0417 and 0418 – GOV (House) – Nonbank Banks House – Committee on Banking, Finance, and Urban Affairs Subcommittee on Financial Institutions Supervision, Regulation, and Insurance, 85-23927  1985 0215 – FRB-P – Nonbank Banks: Catalyst for Interstate Banking, 84-1403 – 17p 1986 03 – GAO – Financial Services: Information on Nonbank Banks, Government Accountability…

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Non-Interest Sensitive Policies Non-Interest Sensitive – 49r – soa.org///Non-Interest Sensitive Policies Abstract: Traditional life and health products have long been regarded as non-interest sensitive. Pricing has often been done with only a single interest scenario projection. 2007 0913 – SOA / Milliman – Interest Rate Hedging on Traditional Life and Health – A Research Project with the…

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Non-Responsive **David B. ATKINSON. (Executive Vice President, Reinsurance Group of America (RGA), on behalf of the Reinsurance Association of America (RAA)) – There have been insolvencies. We do have a State guarantee system that backs up Spencer BACHUS (R-AL) –  So there were no losses?  Mr. ATKINSON. Insolvency regulation has worked well. It has been…

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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.…

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Non – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ N NGEs – Non-Guaranteed Elements NGEs – Non-Guaranteed Elements – AAA – American Academy of Actuaries NON Nonbank Nonbank Banks Nonforfeiture Nonguaranteed Nonguaranteed Premium Non – Index Non-Guaranteed Cost Element – ACLI Non-Interest Sensitive Policies Non-Participating Policies Non-Responsive Non-Traditional Non-Traditional Life Insurance Products Non-Traditional Risks NTNI – Nontraditional and Non-insurance Back…

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NON Non – Index Nonguaranteed Non-Traditional Non-Traditional Risks 14. Paragraph 25: The comments regarding level playing field could be extended to noninsurance (ie investment-related) products offered by insurers. 2011 0926 – IAIS to OECD  – Comment on the OECD’s draft paper on Policyholder Protection Schemes: Selected Considerations  IAIS to OECD Comment Letter – [Automatic Download…

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Valuation and Non-forfeiture Nonforfeiture Second Standard Nonforfeiture Law – NAIC Standard Non-Forfeiture Law – SNFL Valuation Standard Valuation Law – SVL Valuation Actuary 1987 – SOA – Valuation Actuary Handbook  – VAH 1987 – SOA – Valuation Actuary Handbook  – VAH871 – Chapter 1 – Insurance Company Statutory Valuation, Society of Actuaries – 34p Valuation…

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Non-Traditional NON-TRADITIONAL LIFE INSURANCE PRODUCTS NTNI – Nontraditional and Non-insurance – IAIS Non-Traditional Risks The obvious question that springs to mind when asked to consider non-traditional life products is what is meant by “non-traditional”? Upon reflection, virtually every product of significance in today’s market can be termed non-traditional in one way or another. — Trevor…

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Nonguaranteed Non-Guaranteed Elements NONGUARANTEED PREMIUM He questioned the appropriateness of taking non-guaranteed elements and making them guaranteed as suggested as a penalty in the white paper. 1993-3, NAIC Proceedings Our Lexington report alluded to the controversial issue of nonguaranteed policy element illustrations. Currently the issue is being addressed by four different groups: NAIC – this…

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