NAIC Reinsurance Task Force to Consider Comments on Reinsurance Collateral Qualified Jurisdiction Process at June 18 Meeting
May 31, 2013
The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force (“Task Force”) will meet via teleconference June 18, 2013 to consider additional comments from regulators and interested parties on a draft Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions (“Process”). The Process was most recently revisited at the March 29 Task Force meeting.
To view meeting materials, click on the following hyperlinks:
The NAIC’s revised Credit for Reinsurance Model Law and Regulation require an assuming insurer to be licensed and domiciled in a Qualified Jurisdiction in order to be eligible for certification by a state as a certified reinsurer for reinsurance collateral reduction purposes. The purpose of the Process is to provide a documented evaluation method for creating and maintaining the list of Qualified Jurisdictions.
A Colodny Fass& Webb representative will attend the meeting and provide a complete report.
Should you have any questions or comments, please contact Colodny Fass& Webb.
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