NAIC 2013 Spring National Meeting

12 April 2013
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  • 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.