The question of who should gain deductible recoveries dominated solvency-related discussions in the past year, according to a report from the National Conference of Guaranty Funds.
In its first “Trends In Insolvency” report, the NCGIF said three states in the 2006-07 period are looking at their solvency laws, where the large deductible debate will emerge.
Earlier this year, the National Association of Insurance Commissioners in the Insurance Receivership Model Act settled on the so-called “Delaware” approach, in which the estate gained the deductible recoveries and collateral draw-downs.
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