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- 约3.32万字
- 约 17页
- 2026-11-04 发布于河北
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TheFABNOpportunity:
ALookatIssuerFundamentalsandMarketAppeal
October2026
FundingAgreementBackedNotes(FABNs)havegarnered
increasedattentioninrecentyearsduetothesignificant
growthinissuance.RegulatorsattheNAIChavetakennoticeandhaverespondedbyimplementingenhanceddisclosurerequirementswithinExhibit7ofstatutoryfilings.
WHYAREREGULATORSPAYINGATTENTION?Somearguethat
FABNsmaycreateaformofhiddenleverage.Whenan
insurerissuesaFABN)theassociatedfundingagreement
isreportedasapolicyholderaccountbalanceliability.Asaresult)
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