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NAIC Exposes Key ComFrame-Motivated Changes

USA - June 7 2022 Internationally active insurance groups (IAIGs) with U.S. domestic insurers should be alert to key changes in regulatory oversight being considered by…

New York Legislation Would Impose Group Capital Calculation Requirement

USA - May 10 2022 Parent companies of insurers doing business in New York would be required to file a “group capital calculation,” or GCC, with the Superintendent of…

NAIC Discusses Best Practices for Restructuring Mechanisms

USA - May 6 2022 Insurers with legacy blocks of business, or with other motivations to enter into block transfers of business or corporate split-offs, should consider…

NY DFS to Impose New Limits on Variable Products

USA - March 25 2022 Insurers writing variable annuities in New York will want to focus on newly proposed requirements from the New York Department of Financial Services…

NAIC’s ‘Bond’ Definition — Latest Developments

USA - December 14 2021 Insurers and others are closely following efforts by the National Association of Insurance Commissioners (NAIC) to develop a new, comprehensive…

Laurence Pettit