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Expert Analysis

NAIC Reinsurance Framework Part Of Larger Action Plan

Law360, New York (September 11, 2014, 12:43 PM EDT) -- The debate over life insurer reserve relief effected through insurer-owned captive transactions has been one of the most hotly contested issues confronting the National Association of Insurance Commissioners for the past two years. On Aug. 17, 2014, during the 2014 Summer National Meeting of the NAIC, the Executive Committee adopted in concept the XXX/AXXX Reinsurance Framework proposed by Rector & Associates Inc. in its June 2014 "Modified Recommendations" report to the NAIC....

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