Category: Financial Condition Committee

NAIC Financial Analysis Working Group Proposes Mandatory Insurer Audit for Managing General Agencies and Third-Party Administrators

Aug 21, 2015 | By

  Given what it noted as a trend in insurers’ increasing use of managing general agents and third-party administrators for outsourcing various business processes, the National Association of Insurance Commissioners’ (“NAIC’s”) Financial Analysis Working Group (“Working Group”) has recommended the modification …

National Association of Insurance Commissioners Working Group Seeking Comments on Updated Corporate Governance Annual Disclosure Model Act and Regulation by April 21, 2014

Apr 10, 2014 | By

  After rejecting a request to exempt insurers that write less than $500 million in direct written and assumed premiums from having to file an annual corporate governance disclosure, the National Association of Insurance Commissioners (“NAIC”) Corporate Governance Working Group …