Regulators wave off criticism, adopt reinsurance asset-testing guidance
June 6, 2025 by John Hilton
A state insurance task force adopted a long-anticipated reinsurance asset testing guideline Thursday, kicking off a final adoption phase that regulators hope will result in initial data reporting by April 1, 2026.
The Life Actuarial Task Force (LATF), comprised of National Association of Insurance Commissioners members, worked for about 18 months to create the guideline. The resulting guideline is limited in scope, agreed Fred Andersen of the Minnesota Department of Commerce, and disclosure-only.