Difference between revisions of "Baribeau.Regs"

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|| [[Porter.3-Roles-Fed]]
 
|| [[Porter.3-Roles-Fed]]
 
|| [[Porter.3-Roles-Fed]]
 
|| [[Porter.3-Roles-Fed]]
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|| '''types of companies''': <br> reg'd by Dodd-Frank
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|| '''required actions''': <br> - under Dodd-Frank
  
 
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Revision as of 19:43, 22 March 2019

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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 types of companies:
reg'd by Dodd-Frank
required actions:
- under Dodd-Frank
E (2017.Spring #4)
E (2016.Fall #4)
E (2015.Spring #3) Porter.2-Devlpt Porter.2-Devlpt fed role in insurance:
- of Dodd-Frank
Porter.2-Devlpt
E (2015.Fall #3) Porter.2-Devlpt general description:
- of Dodd-Frank
NAIC.Solvency NAIC.Solvency
E (2014.Spring #4) Porter.2-Devlpt Porter.2-Devlpt Porter.2-Devlpt Porter.2-Devlpt surplus lines:
- impact of Dodd-Frank
cedant benefits:
- under Dodd-Frank

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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:
  1. Force the insurer to adhere to strict operating requirements (liquidity requirements, capital requirements, regular stress-testing to identify problems before they get too big)
  2. 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:

POP QUIZ ANSWERS