The exceptions state insurance departments are granting insurersreporting their capital and surplus under permitted practices ruleswill create a level of inconsistency and raise issues ofcomparability, an analyst with the rating agency Standard &Poor's Corp. said.
The observation came in response to questions asked during ateleconference call today addressing rating actions and relatedcriteria on U.S. life insurers. However, the practice is also beingapplied to some property-casualty companies.
In response to a question over the "flurry of permittedpractices" being granted by state insurance departments, S&Panalyst Kevin Ahern said that S&P would look at companies on acase by case basis but did note that an issue of comparability iscreated.
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