Life Insurance Regulators Refuse To Ease Capital Rules

Law360, New York (January 30, 2009, 12:00 AM EST) -- State insurance regulators have voted against approving a request from life insurance companies to reduce current capital and reserve requirements, in spite of industry claims that the changes were needed in the wake of the financial crisis.

On Thursday, the National Association of Insurance Commismsioners decided to keep current rules in place, saying that the insurance industry had not made a credible case for why changes were needed on an emergency basis.

“So far the insurance industry is in much better condition than most of the...
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