Life Insurers' Decision to Use Retained Asset Accounts for Life Insurance Payouts: A Case Study

摘要

This case study allows students in a variety of insurance courses to analyze the use of retained asset accounts for insurance policy payouts to beneficiaries that, when reported by Bloomberg Magazine in a series of articles published in 2010,' led to litigation and the enactment of statutory and regulatory reforms in some states. In analyzing this multifaceted case, students can be assigned to examine insurance laws and regulations, insurance operations, decision making under uncertainty, ethics, reputation, and/or customer relations.