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NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…

Non-Traditional Risks Non-traditional risks pose the greatest threat Top three were: customer loyalty competitive threats operational failure 2001 12 – NAIC – Risk Management in the Insurance Industry – Session 7a – 51p 2008 – SOA – Economic Capital for Life Insurance Companies, Society of Actuaries – 63p 19. Large life insurance groups have expanded…

Start – Non-guaranteed Elements 2017/11/6 – LIBGWG – NAIC Conference Call American Academy of Actuaries – “Because NGEs <Non-Guaranteed Elements> are likely to change, the ongoing performance of products with NGEs should be reviewed periodically after purchase to assess the impact of any NGE changes and consider actions that policyholders may wish to take (e.g.,…

Nonbank Financial Conglomerate Nonbank Banks Nonbank Financial Companies sechistorical.org/museum/galleries/mec/mec05b_modernization_nonbank.php According to the Dodd-Frank Act, nonbank financial companies are domestic companies or foreign companies that predominantly are engaged in financial activities (such as insurance companies, consumer finance providers, commercial lenders, asset managers, and investment funds) but that are not bank holding companies or certain other types…

Non-Traditional Life Insurance Products GICS – Guaranteed Investment Contract Investment-Oriented Products NTNI – Nontraditional and Non-insurance Q: Is Universal Life Insurance a Traditional Product? 1996 – SOA – Legal Issues Affecting Nontraditional Products, Society of Actuaries – 14p A new exposure draft of a revised model regulation has been prepared by the staff of the…

Nonguaranteed Premium (Policy) Nonguaranteed Premium Policies Cash values and death benefits under these policies are guaranteed, but their premiums are not. These policies contain a guaranteed “maximum premium”, but the company anticipates charging a lower premium. The company will illustrate the cost based on the premium it currently expects to charge. Your actual cost will…

NGEs – Non-Guaranteed Elements – AAA – American Academy of Actuaries actuary.org/committees/dynamic/NGEWG Non-Guaranteed Elements Subcommittee 1980s – AAA – American Academy of Actuaries Task Force on Non-Guarantee Elements, William T. Tozer, Chair 2000s – AAA – American Academy of Actuaries Non-Guaranteed Elements Working Group The Non-Guaranteed Elements Work Group will review actuarial standards of practice,…

Nonforfeiture 1941 Guertin Report NAIC’s Committee to Study Nonforfeiture Benefits and Related Matters, chaired by Alfred N. Guertin, actuary of the New Jersey Insurance Department 1942-Supplement, NAIC Proceedings – Reports and Statements on Non-Forfeiture Benefits and Related Matters 1975 Unruh Committee SOA, Special Committee on Valuation and Nonforfeiture Laws, chaired by Henry C. Unruh 1983-1,…

SNFL – Standard Nonforfeiture Law content.naic.org/sites/default/files/inline-files/MDL-808.pdf 1942-Supplement, NAIC Proceedings – Reports and Statements on Non-Forfeiture Benefits and Related Matters — [BonkNote] 1980 – SOA – Nonforfeiture and Valuation Concerns in the 1980’s, Society of Actuaries – 16p 1983 – SOA – Universal Life Valuation and NonForfeiture: A Generalized Model, by Shane A. Chalke and Michael Davlin, Society of…

Second Standard Nonforfeiture Law – NAIC The working group is currently studying three different concepts regarding how the proposed “Second Standard Nonforfeiture Law for Life Insurance should operate: 1992 – SOA – Valuation Actuary Symposium Proceedings – Session 1 – The Valuation Actuary – 1992 Developments – 34p 1993-2, NAIC Proceedings – ATTACHMENT ONE-E -…