Posted: 8/25/2011
NAMIC Shapes Direction of NAIC Discussions on Governance
NAMIC submitted written comments in May to the NAIC’s Corporate Governance (EX) Working Group, in which it expressed its concerns with the current direction of the NAIC with respect to corporate governance. Specifically, the NAIC appeared to be headed in the direction of yet another NAIC model law; this time on a topic that NAMIC believes is already fully addressed within corporate law and other requirements on insurers.