NAIC 2015 Fall National Meeting

7 December 2015
View Client Update

Key takeaways

  • The NAIC is considering additional public disclosure of fixed and variable annuity business for 2017 or earlier, and is continuing its study of insurers’ use of variable annuity captives.
  • Principle-Based Reserving is on track to become effective on January 1, 2017 if the required threshold is reached before July 1, 2016.
  • The NAIC intends to complete its work on amendments to the XXX/AXXX Credit for Reinsurance Model Law by year-end 2015 and plans to continue working a new XXX/AXXX Credit for Reinsurance Model Regulation in 2016, including the “all or nothing” option for any security shortfall.