NAIC seeks to create captive transactions review board
July 19, 2013 by Elizabeth D. Festa
The National Association of Insurance Commissioners (NAIC) is going further to address solvency concerns regarding the use of captives by life insurers.
The regulatory group is contemplating a system where regulators review certain captive transactions, collect data and express any concerns or recommendations to the state regulatory and a key reserving NAIC task force.
The goal, the state regulators say, is to preserve the effectiveness and uniformity of the solvency oversight system. Click here to read…
Originally Posted at LifeHealthPro on July 19, 2013 by Elizabeth D. Festa.
Categories: Industry Articles