NAIC REINSURANCE TASK FORCE ISSUES PROGRESS REPORT ON ITS CONSIDERATION OF A PROPOSED REINSURANCE REGULATORY MODERNIZATION FRAMEWORK
The NAIC's Reinsurance Task Force has issued what amounts to a progress report on its consideration of a proposal for a reinsurance regulatory modernization framework. The 198 page package covers “regulator-to-regulator meetings” in Newark, New Jersey on March 11-12, May 7-9 and June 25-27, 2008, and provides comments on the proposal which were submitted to the Task Force by the Association of Bermuda Insurers and Reinsurers, the American Council of Life Insurers, the American Insurance Association, AIG, CEA Insurers of Europe, Genworth Financial, the General Insurance Association of Japan, the International Underwriting Association, Lloyd's, the National Association of Mutual Insurance Companies, the Property Casualty Insurers Association of America and the Reinsurance Association of America. At the end of the package there are some summaries of the comments.
This post written by Rollie Goss.
