NEW YORK–Insurers holding securities impacted by rating downgrades of bond insurers will be able to get an independent review of the bonds' worth from the Securities Valuation Office of the National Association of Insurance Commissioners, an SVO representative said.
Chris Evangel made his remarks during one of the opening sessions here of the summer meeting of the National Conference of Insurance Legislators, Troy, N.Y.
As of last week, companies may apply to the SVO to have bond holdings reviewed, Mr. Evangel said.
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