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By Elizabeth D. Festa |
November 21, 2012
Some state regulators are raising the specter of the “shadow banking system” in addressing the captives issue.
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By Elizabeth Festa |
September 12, 2012
The joint committee led by Texas Insurance Commissioner Eleanor Kitzman has found success with a new approach to reserving for USLG and term life products with certain guarantees.
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By Elizabeth Festa |
July 12, 2012
Is an NAIC actuarial panel checking reserves on a multi-state basis a new regulatory layer?
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By Elizabeth Festa |
March 6, 2012
And so begins Phase 1 of the process of making sense of AG 38 until principal-based reserving is in place.
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By Elizabeth Festa |
February 28, 2012
Insurance regulatory policy takes shape in the Big Easy this week, and here are things to look for, from ORSA manual and model law development so the U.S. system can meet international solvency and scrutiny standards to that pesky AG 38 issue. Don't get lost!
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By Elizabeth Festa |
February 6, 2012
Alaska also defends LATF statement to the NAIC Joint Working Group, in a defense of its reserving concerns for USLG and term UL products in the face of a compromise commissioner-led, industry-approved "framework" concept. Also, tensions between the role of the NAIC's life actuary group's voice and commissioner-level control of...
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By Elizabeth Festa |
January 31, 2012
Life insurers do assert that state laws that wouldn’t appear to prohibit the use of principles-based reserving on previously issued policies, as long as it is with the commissioner’s approval, key insurers told the NAIC.
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By Elizabeth D. Festa |
January 13, 2012
Draft framework form commissioners won't apply LATF to in-force business, but will apply it, open to modifications or tweaks, to prospective business, allowing companies to price for it.