Category: National News
Mar 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 on accounting principles for contracts may be difficult to achieve. The NAIC believes that a principles-based solution is …
Feb 26, 2009
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 Survey for State Regulators (“Survey”) and comments received from the American Insurance Association …
Feb 25, 2009
The February 2009 edition of the National Conference of Insurance Legislators’ (“NCOIL”) monthly newsletter is enclosed for your review. Articles include: NCOIL Legislator to House Committee: States Should Regulate Credit Default Swaps State Negotiates Controversial Medicaid Policy SEC Headlines NCOIL …
Feb 13, 2009
The National Conference of Insurance Legislators (“NCOIL”) will hold its Spring Meeting from February 27 through March 1, 2009 in Washington, DC. The following NCOIL Committees are scheduled to meet: Workers’ Compensation Insurance Committee Report on Challenges to Florida Attorney …
Feb 3, 2009
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 insurers by a vote of 16-1. In rejecting the proposals, the Committee ruled that …
Jan 29, 2009
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”) Capital and Surplus Relief Working Group (“Working Group”) held …
Jan 28, 2009
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 relating to form commonality. It was established that different states and jurisdictions …
Jan 21, 2009
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 be sent to Henning Göbel at henning.goebel@bafin.de. Issues Paper on the Relationship Between the Actuary …
Jan 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 an American Academy of Actuaries (“AAA”) Issues Brief (“Issues Brief”) and other related …
Jan 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 completion guidance memorandum. At the NAIC’s Winter 2008 National Meeting, regulators expressed …