NAIC REINSURANCE TASK FORCE WORK PROCEEDS SLOWLY
The NAIC's Reinsurance Task Force of the E Committee met on March 29, 2008, and had further discussion of the proposal to revamp the regulation of the reinsurance industry in the United States. The Task Force is projecting further meetings through the end of 2008 on this subject. The materials indicate that representatives from the Florida and New York departments made presentations to the task force at its March 11-12, 2008 meeting regarding their proposals to change the collateral requirements for reinsurance to a financial strength based framework. The minutes of this meeting, as well as materials distributed for the meeting, have been published.
This post written by Rollie Goss.
