Category: NAIC

  Testifying as President of the National Association of Insurance Commissioners (“NAIC”) Chairman at a Congressional subcommittee hearing today, November 29, 2012, Florida Insurance Commissioner Kevin McCarty raised concerns regarding the proposed application of “one size fits all” capital rules …

  At the suggestion of various trade associations, for each insurer that filed a Property Risk-Based Capital (“RBC”) report for year-end 2011, the National Association of Insurance Commissioners (“NAIC”) is advising companies’ Annual Statement and RBC contacts about a change …

  The National Association of Insurance Commissioners (“NAIC”) will compile and distribute a survey to regulators to help determine what they need to conduct solvency monitoring of nonadmitted insurers, members of the Surplus Lines Requirements Subgroup (“Subgroup”) of the Surplus …

  The National Association of Insurance Commissioners (“NAIC”) has formed a new working group to provide timely actuarial guidance for life insurers seeking to comply with recent revisions to Actuarial Guideline XXXVIII-The Application of the Valuation of Life Insurance Policies …

  Making insurers’ post-catastrophe claim settlement practices more consumer-friendly will be the focus of a two-hour public hearing scheduled to begin at 8:00 a.m. on Sunday, December 2, 2012 at the National Association of Insurance Commissioners (“NAIC”) 2012 Fall National …

  Above:  Missouri Insurance Director John M. Huff   The National Association of Insurance Commissioners (“NAIC”) has reappointed Missouri Insurance Director John M. Huff to a second two-year term as the state insurance commissioner representative on the Financial Stability Oversight …

  The National Association of Insurance Commissioners (“NAIC”) reminds that the comment period for the Corporate Governance Working Group’s “Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements” concludes on Friday, September 28, 2012.  To view the …

  The National Association of Insurance Commissioners (“NAIC”) Executive Committee and Plenary adopted the Risk Management and Own Risk and Solvency Assessment (“RMORSA”) Model Act, along with revisions to Actuarial Guideline XXXVII (“AG 38”) at a joint meeting yesterday, September …

  The National Association of Insurance Commissioners (“NAIC”) announced yesterday, September 11, 2012, that its members have decided to add the Legal Entity Identifier (“LEI”) to insurance industry regulatory reporting. The LEI project is coordinated by the Financial Stability Board …

  The National Association of Insurance Commissioners (“NAIC”) held its Summer 2012 National Meeting in Atlanta, Georgia from August 11 through August 14.  To access complete meeting materials, click here. To view a chart containing hyperlinks to all committee summaries, …