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An opinion poll earlier this year suggested that a majority of policyholders was prepared to make a sacrifice to stabilise the fund.
So the panel is leaning towards letting weak companies cut their guaranteed rates of return, so long as they get approval from a majority of policyholders, sack their managers and submit a detailed restructuring plan.There are several things wrong with this idea, the critics say.
California has been lauded for creating its own online insurance market, which experts say helped to sharply reduce the share of people without coverage and kept rate hikes lower than elsewhere for the vast majority of policyholders.
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The loss of growth in value in the first seven months of this year will not be restored.Equitable remains solvent but the outlook for the majority of its policyholders is now uncertain.
Which is why the vast majority of critical illness insurance policyholders don't even know whether their offspring are included.
But the overwhelming majority of the company's 11 million policyholders are expected to receive stock.
The scheme itself -- in which a series of numbingly complex mortgage and stock frauds were used to loot the National Heritage Life Insurance Company -- attracted little attention outside Florida, where the majority of the insurer's mostly elderly policyholders live.
The conversion is also subject to approval of policyholders.
The number of policyholders for private health benefits rose 37 percent from 2005 to 2011.
Yet thousands of policyholders say they have received only excuses about why insurers will not pay.
As of Friday, Prudential Annuities has suspended the ability of policyholders with 14 types of benefits to make further contributions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com