On Monday, February 23, 2009, the National Association of Insurance Commissioners (“NAIC”) Catastrophe Modeling Subgroup (“Subgroup”) of the Casualty Actuarial and Statistical Task Force met and...
Category: NAIC
NAIC Requests Support by March 4 for ISAWG Proposal on Boundaries for Insurance Contracts
March 2, 2009
National Association of Insurance Commissioners (“NAIC”) International Solvency and Accounting Working Group (“ISAWG”) Chairman Ramon Calderon has advised that reaching an international consensus...
NAIC Multi-State Surplus Premium Tax Working Group Meeting Report: February 26
February 26, 2009
Category NAIC
On Thursday, February 26, 2009, the National Association of Insurance Commissioners (“NAIC”) Multi-State Surplus Premium Tax Working Group (“Working Group”) met to discuss the draft Surplus Lines...
NAIC Executive Committee Rejects Bundled ACLI Capital and Surplus Proposal
February 3, 2009
Category NAIC
On Thursday, January 29, 2009, the National Association of Insurance Commissioners (“NAIC”) Executive Committee (“Committee”) rejected a proposal to relax capital and surplus requirements for life...
ABOVE: More than 150 people wait to testify before the NAIC Capital and Surplus Relief Working Group’s public hearing on January 27, 2009 The National Association of Insurance Commissioners...
NAIC Multi-State Surplus Lines Premium Tax Working Group Meeting Report: January 28
January 28, 2009
Category Surplus Lines Task Force
The National Association of Insurance Commissioners (“NAIC”) Multi-State Surplus Lines Premium Tax Working Group (“Working Group”) held a meeting on January 28, 2009 in which it discussed issues...
IAIS Releases Actuary and External Auditor Relationship Issues Paper for Comment by January 26
January 21, 2009
Category NAIC
The International Association of Insurance Supervisors (“IAIS”) Accounting Subcommittee (“Subcommittee”) has released the Issues Paper below for comment by Monday, January 26, 2009. Comments may...
NAIC Catastrophe Modeling Subgroup Meeting Report: January 8
January 12, 2009
On Thursday, January 8, 2009, the National Association of Insurance Commissioners (“NAIC”) Catastrophe Modeling Subgroup (“Subgroup”) of the Casualty Actuarial and Statistical Task Force met to discuss...
NAIC Life Risk-Based Capital Working Group Meeting Report: January 7
January 12, 2009
On Tuesday, January 7, 2009, the National Association of Insurance Commissioners (“NAIC”) Life Risk-Based Capital Working Group (“Working Group”) held a meeting to discuss a risk-based capital form...
The National Association of Insurance Commissioners (“NAIC”) Capital & Surplus Relief Working Group met on January 2, 2009 to hear a status report concerning comments received related to the American Council...