Questions
FRB – Federal Reserve – Questions
FRB – Federal Reserve – Questions 05:30 PM – 06:00 PM Reception: Federal Reserve System Bank Supervision Insurance Conference, Location: Cafeteria – p614 of 696 governmentattic.org/2docs/FedReserve_BloombergFOIA_1998-2008.pdf
Read MoreQ: What Do They Mean? – Government Hearings
Q: What Do They Mean? – Government Hearings (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? ⇒ Because if they are, then our serious consequences for economic structure are way out of line. 2015…
Read MoreActuarial – Questions
Actuarial – Questions We designed commission rules that anticipated a relatively large number of rollovers of existing policies;. ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy. — Phillip B. Norton, not a member of the Society, is Vice President of The Lincoln National…
Read MoreQ: What Do They Mean?
Q: What Do They Mean? (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? ⇒ Because if they are, then our serious consequences for economic structure are way out of line. 2015 1208…
Read MoreQ: How Do You Know?
Q: How Do You Know? (p222) – Chair Elizabeth WARREN. And how exactly—you know this is—you weren’t there—I wasn’t there. This is a crazy conversation to have. 2010 0526 – COP – Hearing – TARP and Other Government Assistance for AIG – [PDF-241p] — [BonkNote] 2010 0701 – FCIC – Hearing – 2008 Financial Crisis and Derivatives,…
Read MoreQ: Does Anyone Know Anything?
Q: Does Anyone Know Anything? (p87) – Gustavus Smith (Kentucky – Insurance Commissioner): We have got a vast deal to learn. While on this subject, I may allude to what I consider the great trouble in life insurance. It is, in my opinion, an undoubted fact that educated, intelligent, influential business men of this country, as…
Read MoreAIG – Questions
Questions – AIG What Part of AIG did Mark Hutchings Work for?
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 MoreQ: What Do Agents Say to Consumers?
Q: What Do Agents Say to Consumers? The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Sales Process Some of the comments that we have heard from regulators about the illustration situation suggest…
Read MoreQ: Who Supervised AIGFP Prior to OTS?
Q: Who Supervised AIGFP Prior to the OTS? Founded in 1987 as one of the first companies in the United States focused principally on OTC derivatives markets, AIG Financial Products Corp. (p36) 2006 – AIG – Annual Report – 244p FCIC Interview mp3 – Greenberg (4/5) <State Insurance Commissioners could have, but didn’t.> AIG Financial Products ……
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