Market conduct emerges as rating issue
Article Abstract:
Market conduct has emerged as a broad problem within the insurance industry, and insurers will need to face the problem or overall business will suffer as a result. Insurers must make changes to monitor their sales policies carefully to guard against misleading sales pitches or other problems that could create legal or marketing problems. Insurers must take responsibility for their products and personnel, and must create an environment where ethical guidelines are taken seriously by all product distributors.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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Risk-based capital: is your company ready?
Article Abstract:
A 1990 report by John D. Dingell stated that insurance companies' capital requirements should be related to insurance risk, investment risk and current operations. This would make solvency regulation more effective. A risk-based capital (RBC) model could help firms and regulators to detect weakly capitalized situations. The Industry Advisory Committee realizes that the potential for misrepresentation and abuse of the RBC model exists.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1992
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Insurers won't succeed doing business as usual
Article Abstract:
The insurance industry will be faced with three major challenges in 1996. These challenges will be financial services reform, strategic management and distribution/market conduct. It will be necessary for insurance industry executives to understand the weak and strong points of their companies and to establish partnerships, mergers or acquisitions to highlight them.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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- Abstracts: Circuit court rules on qualification ratio. IRS rules interest changes do not create new contracts. Mergers of insurers result in tax-attribute carryovers
- Abstracts: Economic outlook spurs moves to demutualize. Captive insurers gain added "appeal." Taxpayer prevails on captive issue
- Abstracts: Personal contact counts: alternative selling systems cannot replace the human touch that agents bring to a sale
- Abstracts: Overview of international insurance. Five-year review of admitted assets
- Abstracts: Costs count: a Best's Policy Reports survey examines the costs incurred with the life insurance portion of variable universal life policies