Banking Without Guarantees? Public Policy Considerations Concerning Insurance Company Retained Asset Accounts

56 Pages Posted: 3 Mar 2016 Last revised: 6 Feb 2017

See all articles by Jill M Bisco

Jill M Bisco

University of Akron - Department of Finance

Chad G. Marzen

Florida State University

Date Written: February 29, 2016

Abstract

Insurer utilization of retained asset accounts in life insurance have drawn increased regulatory supervision in recent years. This article discusses retained asset accounts, current regulation of the accounts at the state level, and legal issues which have arisen in reported court decisions. It recommends a number of mechanisms states can implement in statutes to increase transparency concerning retained asset accounts to life insurance beneficiaries.

Suggested Citation

Bisco, Jill M and Marzen, Chad G., Banking Without Guarantees? Public Policy Considerations Concerning Insurance Company Retained Asset Accounts (February 29, 2016). University of Baltimore Law Review, Volume 46, No. 1, pgs. 1-56 (2016), Available at SSRN: https://ssrn.com/abstract=2740130 or http://dx.doi.org/10.2139/ssrn.2740130

Jill M Bisco

University of Akron - Department of Finance ( email )

Akron, OH 44325-4803
United States

Chad G. Marzen (Contact Author)

Florida State University ( email )

College of Business
Tallahassee, FL 32306
United States

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