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NAIC 2013 Spring National Meeting
12 April 2013
The NAIC has made much progress developing its process of developing and maintaining a list of “qualified jurisdictions” to determine whether reinsurers domiciled in those jurisdictions are eligible for certification by a state as a certified reinsurer for reinsurance collateral reduction purposes. The NAIC hopes to complete this process by mid-2013.
The NAIC has recommended the development of a new model law that will facilitate the collection by state insurance regulators of more frequent information on insurer corporate governance policies and practices.
The NAIC voted to defer consideration of including the 2009 amendments to the NAIC Standard Valuation Law (which implements life insurer principles-based reserving) until its 2014 Spring National Meeting.
Thomas M. Kelly
Nicholas F. Potter
UK Modern Slavery Act Transparency Statement
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