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The NAIC is seeking proposals for a vendor to model expected losses on approximately 7,500 commercial mortgage-backed securities (CMBS) as of December 31, 2010, according to a news release issued by the NAIC July 28, 2010
On February 3, 2010, the American Council of Life Insurers ("ACLI"), a Washington based trade association representing the life insurance industry, issued a policy statement recommending that the securitization of life settlements be prohibited by legislation or regulation
On December 2, 2009, the NAIC Valuation of Securities (E) Task Force adopted final assumptions ("the Assumptions") for the financial model used in determining risk based capital ("RBC") for insurer owned residential mortgage-backed securities ("RMBS"
The Massachusetts Secretary of the Commonwealth, William Galvin, recently announced an investigation into how credit rating agencies evaluate and rate the securitization of life settlements (i.e. life insurance policies sold by the insured to a third party
