NU Online News Service, Dec.7, 2:30 p.m.EST
SAN FRANCISCO–A National Association of InsuranceCommissioners working group has drafted recommendations as to howthe organization should deal with its reliance on national ratingagencies to evaluate insurers' investments.
Although the NAIC Valuation of Securities Task Force has movedforward with its own rating agency initiatives regardingresidential mortgage backed securities, the Rating Agency WorkingGroup has continued a broader examination into NAIC reliance onnationally recognized rating agencies after holding a Septemberhearing at its Fall National meeting.
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