Regulation/Legislation

NAIC Model Law on Reduced Collateral Credit-Negative for U.S. Primary Insurers

A model law passed by the National Association of Insurance Commissioners that, if adopted by states, would allow foreign reinsurers in qualified jurisdictions to post reduced collateral benefits those foreign reinsurers but is credit-negative for U.S. insurers that buy reinsurance, according to Moodys Investors Service.