NAIC Moves Toward Easing Regs For Non-US Reinsurers
The National Association of Insurance Commissioners adopted the process as part of efforts to reform requirements that foreign reinsurers post 100 percent collateral for their U.S. liabilities before their U.S. insurance company customers can receive credit for taking out the reinsurance.
Critics say those requirements were overkill for foreign reinsurers that are financially strong and based in jurisdictions that effectively supervise...
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