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Record W258381263

Insurance Agents as Bankers, Round Two

2000· article· en· W258381263 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

aboutThe title or abstract carries a Canadian signal from the geographic lexicon.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueABA banking journal · 2000
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicInsurance and Financial Risk Management
Canadian institutionsnot available
Fundersnot available
KeywordsCharterBusinessLoanFinancial servicesUnderwritingFinanceEquity (law)Political scienceLaw
DOInot available

Abstract

fetched live from OpenAlex

Back when it seemed like everybody and his brother was trying to slide an application for a unitary thrift charter under the door at the Office of Thrift Supervision, before Congress closed the loophole, a quiet application was made in July 1998 for a unitary thrift to be owned by multiple insurance companies. The group was operating under the auspices of a trade association, and after an early splash of ink, the application faded off the radar screen. Guess who's back now? Target: rural communities On June 12 Assurance Partners Bank, an OTS-chartered federal thrift, opened its doors, having received regulatory approval back in February. Opened its doors is literal, also figurative, for Assurance Partners Bank is far from an ordinary depository institution. It will be offering selected loan products and services, the roster eventually to include residential first mortgages, home equity loans, car loans, personal loans, credit cards, and student loans, as well as deposit accounts. Who is the new institution after? press statement makes it clear: Marketing research done by the has identified hundreds of thousands of policyholders that will have the opportunity to become customers of Assurance Partners Bank. Significantly, the majority of these prospective customers live in small towns and rural areas where there are fewer financial service providers than in larger cities. The strategy may cause a few boardroom tremors to be felt in time. In many community a local insurance agent sits on the bank's board. Once that agent is representing an insurance company that also offers the opportunity to provide policyholders with banking products, a potential conflict of interest will exist. matter of structure Assurance Partners is a bank with a difference--several, in fact. First off, Assurance Partners Bank (technically, its holding company) is owned by the National Association of Mutual Insurance Companies and a consortium of 262 NAMIC member insurance companies from 35 states and two Canadian provinces. (NAMIC member firms number about 1,200 and are property/casualty insurers, representing more than a third of the p/c business premiums written in the U.S. annually.) This ownership structure makes Assurance Partners unique, according to David T. Fronek, president and CEO, who joined the institution after a 34-year career with large most recently with First Chicago NBD Corp., Troy, Mich. A number of insurance companies own banks, says Fronek, but we are the first to be owned by an insurance association. …

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.636
Threshold uncertainty score0.995

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0090.005

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.024
GPT teacher head0.242
Teacher spread0.218 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it