X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 12, 10:55 a.m. EDT–The National Association of Insurance Commissioners has stepped into the current controversy over the use of finite reinsurance products with proposed new disclosure requirements.

According to a statement released by the NAIC late yesterday afternoon, 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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.