NEW YORK--Regulators evaluating how to govern insurers'risk-based portfolios will consider options including a newinvestment category or rating system, a key regulator said.
During a joint hearing held by the National Association ofInsurance Commissioners, Kansas City, Mo., Alessandro Iuppa, NAICpresident, said that a new group of regulators would look forrisk-based capital solutions that could range from creating afourth investment category for rating purposes to a notching systemthat ratings agencies use.
His comments came after regulators heard insurance industryrepresentatives' reactions during a public hearing on hybridsecurities on July 13.
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