Regulators to vote next month on model law examining insurer intentions
The National Association of Insurance Commissioners has stepped into the controversy over the use of finite reinsurance products with proposed new disclosure requirements.
According to a statement released by the NAIC last week, the latest proposed disclosures would require an insurer to report to state insurance regulators any agreement that has the effect of altering policyholders' surplus by more than 3 percent, or representing more than 3 percent of premium or losses.
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