Comments on NAIC Reinsurance Collateral Ratings, Qualified Jurisdiction Status Due January 13
Dec 14, 2016
Comments are due to the National Association of Insurance Commissioners (“NAIC”) by January 13, 2017 on two items pertaining to reinsurance collateral, certified reinsurers, qualified jurisdictions and the potential impact of Solvency II implementation.
To access each document, click on the hyperlinks below:
Qualified Jurisdiction Working Group report regarding European Union member state implementation of Solvency II and the potential impact on the qualified jurisdiction status of France, Germany, Ireland and the United Kingdom.
Reinsurance Financial Analysis Working Group referral regarding reinsurance collateral ratings on a legal entity and group basis. The issue is whether the NAIC’s Reinsurance Financial Analysis Working Group may consider the group rating issued to a certified reinsurer for purposes of assigning a reinsurance collateral rating to a certified reinsurer for purposes of passporting, and under what circumstances may such a group rating be utilized.
To view a summary of the NAIC’s Reinsurance Task Force meeting, click here. To view the meeting materials, which include minutes of past meetings, click here.
Hyperlinks to Web pages for each of the corresponding NAIC committees are below:
- Reinsurance (E) Task Force: http://www.naic.org/cmte_e_reinsurance.htm
- Qualified Jurisdiction (E) Working Group: http://www.naic.org/cmte_e_qjwg.htm
- Reinsurance Financial Analysis (E) Working Group: http://www.naic.org/cmte_e_reinsurance_financial_analysis_wg.htm
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