Difference between revisions of "Baribeau.Regs"
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Revision as of 19:08, 22 March 2019
Contents
Pop Quiz
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
reference part (a) part (b) part (c) part (d) part (e) part (f) E (2017.Fall #4) Porter.3-Roles-Fed Porter.3-Roles-Fed Porter.3-Roles-Fed Porter.3-Roles-Fed Baribeau.Regs Baribeau.Regs E (2017.Spring #4) E (2016.Fall #4) E (2015.Spring #3) [[Porter.2-Devlpt] [[Porter.2-Devlpt] [[Porter.2-Devlpt] E (2015.Fall #3) [[Porter.2-Devlpt] NAIC.Solvency Naic.Solvency E (2016.Fall #4) [[Porter.2-Devlpt] [[Porter.2-Devlpt] [[Porter.2-Devlpt] [[Porter.2-Devlpt]
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In Plain English!
Intro
Federal Reserve Authority
Here's just a quick note on a bullet point list that appeared on (2017.Fall #4e):
- Put yourself in the place of a federal regulator overseeing a SIFI. You're ass is on the line!! What would you do to protect yourself (and the insurer of course!) Common sense would tell you to:
- Force the insurer to adhere to strict operating requirements (liquidity requirements, capital requirements, regular stress-testing to identify problems before they get too big)
- But IF (despite your best intentions) the insurer goes insolvent, you should have a resolution plan in place - this is called a living will
Federal Insurance Office (FIO)
Conclusions
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BattleCodes
Memorize:
Conceptual:
Calculational: