NAIC Working Group to Discuss Proposed Insurance Holding Company Model Act Groupwide Supervision Revisions
Oct 17, 2014
The National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues Working Group (“Working Group”) has scheduled an October 24, 2014 conference call to redraft proposed changes to the NAIC Insurance Holding Company Model Act (#440).
Prompted by comments received from various interested parties, the revisions provide a process for the authorization of a group-wide supervisor for an international insurance group, among other changes.
The following interested parties submitted comments and proposed revisions (begins on page 39 in the meeting materials):
- American Council of Life Insurers
- National Association of Mutual Insurance Companies/Property Casualty Insurers Association of America/Blue Cross Blue Shield Association
- Reinsurance Association of America
- America’s Health Insurance Plans
- American Insurance Association
The conference call will begin at 3:30 p.m. (ET) and is scheduled to last 90 minutes.
To register, go to http://dpregister.com/10054856. If you do not have Internet access or are unable to pre-register, dial (412) 902-6510 and ask for the Group Solvency Issues WG/Daveline conference call.
Participants must be registered as an interested party with Chorus Call prior to the call. To register as an interested party, call 800-967-4633 or use the following link: https://services.choruscall.com/naic/forms/registerip.
Should you have any questions or comments, please contact Colodny Fass& Webb.
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