Management of Financial Services

Format: Hardcover

Language: English

Format: PDF / Kindle / ePub

Size: 8.02 MB

Downloadable formats: PDF

Better manage your risk exposure by proactively identifying risk-elevating customer behaviors. Once willing to keep government out of the way, legislators now called for tougher laws that would mandate keener overseeing of corporate finances. In addition, we have worked with the Overseas Private Investment Corporation (OPIC), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), the Inter-American Development Bank (IDB) and the African Development Bank (ADB).

Pages: 612

Publisher: Anmol Publications Pvt Ltd (April 15, 2004)

ISBN: 8126113146

Houseman's Law of Life Assurance: Fifteenth Edition

Not only has the federal government eschewed regulation, but it has affirmatively declared a policy of not regulating the business of insurance." 58 In other words, states have retained residual rights to regulation: In the general regulatory area, it appears that a state will be held to have "regulated" the business of insurance to preclude federal regulation, either when the state has adopted effective regulations that are specifically concerned with the subject matter, even if the state' s regulations are not as stringent as the federal regulations, or when the state has regulated the business comprehensively enough to occupy the field of insurance regulation, even if the state does not have a specific regulation directed to the matter the federal government is attempting to control. 59 States typically regulate life insurance companies by (1) setting minimum reserve requirements and (2) specifying classes of securities in which insurance companies may invest. 60 Both forms of regulation aim to protect the solvency of life insurance companies and thereby protect their policy-holders Fpc Fp2: Protection, Savings and Investment Products: Study Text, Passcards and Mcq Cards (2002): Exam Dates: 07-02, 04-03

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