Questions of process as much as substance dominated discussions and generated the most concern during this month’s quarterly meeting of the National Association of Insurance Commissioners.

While regulators continued to grapple with the issue of modifying the 100 percent collateral requirement for alien insurers, they seemed unable to decide on whether to incorporate the issue into a total revamping of reinsurance regulation, or merely focus on the one task that has been simmering throughout the decade.

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