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A model law passed by the National Association of Insurance Commissioners that, if adopted by states, would allow foreign reinsurers in qualified jurisdictions to post reduced collateral benefits those foreign reinsurers but is credit-negative for U.S. insurers that buy reinsurance, according to Moodys Investors Service.

The full National Association of Insurance Commissions passed a landmark model law Sunday that seeks to reduce reinsurance collateral requirements for non-U.S. reinsurers domiciled in qualified jurisdictions.

Benjamin M. Lawsky has been nominated to be the first superintendent of the New York State Department of Financial Services, and Mila Kofman resigned as Maine's head regulator after one year of a five-year term.

In a letter dated Sept. 10, four consumer representatives, who are given funding to attend NAIC meetings, detailed why they think the procedure, announced last spring, is not in the best interests of

In a letter dated Sept. 10, four consumer representatives, who are given funding to attend NAIC meetings, detailed why they think the procedure, announced last spring, is not in the best interests of

Among the models that will advance are: the Military Sales Practices model regulation; amendments to the Viatical Settlements model act; the Medical Malpractice Closed Claim Reporting model law; chang

Among the models that will advance are: the Military Sales Practices model regulation; amendments to the Viatical Settlements model act; the Medical Malpractice Closed Claim Reporting model law; chang

To be approved, the model law must involve a national standard that requires uniformity amongst all states and receive the commitment of significant regulator and association resources to educate, com