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NAIC Says It Needs SVO Check On Unrated Securities

At the summer meeting of the National Association of Insurance Commissioners earlier this week, a subgroup of the Valuation of Securities Task Force reported that there is really no alternative to SVO

By Steven Tuckey | Updated on June 07, 2007

Insurance industry representatives have expressed concern over a decision by the nation’s regulators to maintain their Securities Valuation Office rating on securities not rated by other agencies.

At the summer meeting of the National Association of Insurance Commissioners earlier this week, a subgroup of the Valuation of Securities Task Force reported that there is really no alternative to SVO rating for those securities not rated by a National Recognized Statistical Rating Organization.

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