Regulators to vote next month on model law examining insurerintentions

The National Association of Insurance Commissioners has steppedinto the controversy over the use of finite reinsurance productswith proposed new disclosure requirements.

According to a statement released by the NAIC last week, thelatest proposed disclosures would require an insurer to report tostate insurance regulators any agreement that has the effect ofaltering policyholders' surplus by more than 3 percent, orrepresenting more than 3 percent of premium or losses.

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