The Ongoing Debates Over Insurance Regulatory Reforms
October 21, 2013, 12:46 PM EDT
Law360, New York (October 21, 2013, 12:46 PM EDT) -- The global and national insurance regulatory communities remain in turmoil as they develop rules and measures to prevent another global financial meltdown. The National Association of Insurance Commissioners’ 2013 summer national meeting held in late August saw a continuation of the debate over major insurance regulatory reforms.
One issue relates to the regulation of insurance groups. Along with most of the U.S. insurance industry, the NAIC supports regulation of insurance groups through the Model Insurance Holding Company System Regulatory Act, which largely relies on indirect regulation...