NAIC Urged to Limit ‘Bermuda Triangle’ Strategy
February 20, 2024 by Kerry Pechter
Concerned that some life/annuity companies may hurt their policyholders’ interests by using offshore reinsurance to reduce the capital backing annuity- and life insurance-liabilities, two regulators have urged the National Association of Insurance Commissioners (NAIC) to tighten its rules on the practice.
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Originally Posted at Retirement Income Journal on February 12, 2024 by Kerry Pechter.
Categories: Industry Articles