SAN FRANCISCO–Insurance regulators meeting here approved continuing efforts to develop a Reinsurance Evaluation Office, but raised new questions of how the project would fit into an overall reform of secondary insurance regulation.
At the summer meeting of the National Association of Insurance Commissioners Saturday, members of the Reinsurance Task Force struggled with the question of whether to focus on developing a new system to replace current 100 percent collateral requirements for foreign reinsurers.
Later, the group turned to overall reinsurance regulation, or putting the two projects on a parallel track.
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