Posted: 3/8/2012
NAIC Exposes Reinsurance Modernization Accreditation Requirements
As expected, the NAIC Reinsurance (E) Task Force exposed its draft “Key Elements of the Revised Credit for Reinsurance Model for Accreditation” for 30 days. The key elements, if adopted, would set forth the specific requirements for what each state must adopt in terms of changes to their laws and regulations for reduced collateral on reinsurance.