Snippets

ACLI – 2010s – Snippets 2011 0422 – WSJ – AIG Tries to Sell Death-Bet Securities, By Leslie Scism – [link] The new wrinkle of securitization arose in the market’s boom years before the financial crisis. Just as Wall Street banks bundled mortgages to make mortgage bonds, financiers looked into bundling hundreds of life-insurance policies into…

ACLI – 2000s – Snippets Today, life insurers compete directly with non-insurance financial services institutions, such as banks and mutual funds.  (p12) —  William B. Fisher, Vice President And Associate General Counsel, Massachusetts Mutual Life Insurance Company, On Behalf of the American Council Of Life Insurers  (ACLI) 2001 0621 – GOV (House) – Insurance Product…

1990s – ACLI – Snippets I’m going to discuss what Norm referred to as consumer disclosure forms To date, no state has adopted these forms. Why this complete lack of action after all the effort in developing the forms? One possible reason is that, during the early part of the year, state insurance departments are…

ACLI – Snippets – 1970s The most obvious, though not necessarily accurate, basis of comparison of policies of the same initial or minimum face value is the premium.  (p41) 1976 0909 – Letter – ACLI to NAIC – RE: Proposed Changes to the NAIC Model Variable Life Insurance Regulation – 1976-1 – NAIC Proceedings – p623-…