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Regulation XXX redundant affect on company reserves

Private Placement Letter, 2004, p.1

COPYRIGHT 2004 SourceMedia, Inc. ;Copyright Thomson Media Apr 5, 2004 ;ISSN: 1099-3401 ;ISSN: 0235-9960

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Title:
Regulation XXX redundant affect on company reserves
Author: Lichtenstein, Sacha E
Subjects: Company sales and earnings ; Insurance ; Insurance industry ; Laws, regulations and rules ; Life insurance ; Rating agencies (Securities) ; Rating services ; Reserves
Is Part Of: Private Placement Letter, 2004, p.1
Description: Many U.S. states adopted Regulation XXX on January 1, 2000 with a handful of states following suit the next year. This regulation, "resulted in a significant increase in gross statutory reserves requirements - both basic reserves and deficiency reserves - for all major term life insurance and universal life insurance writers," according to the credit rating agency's report.
Publisher: New York: SourceMedia, Inc
Language: English
Identifier: ISSN: 1099-3401
ISSN: 0235-9960
Source: ProQuest Central

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