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Draft product review and recommendations exposed for comment

USA - January 15 2013 On January 9, 2013, the NAIC Separate Account Risk Working Group ("SARWG") voted to expose for comment its draft " Review of Non-Variable, Insulated…

Jo Cicchetti, Ann Furman

Holiday "gift" from the NAIC Separate Account Risk Working Group

USA - December 21 2012 On December 21, 2012, the NAIC Separate Account Risk Working Group ("SARWG") issued its draft "Review of Non-Variable, Insulated Products / Product…

Jo Cicchetti, Ann Furman

Insurance regulators hear plea for increased supervision of claim review tools

USA - November 2 2012 In August 2012, during the Summer Meeting of the National Association of Insurance Commissioners, the NAIC’s Market Regulation and Consumer Affairs (D) Committee discussed the Consumer Federation of America’s request for an investigation of computerized claim systems.

Regulators define swaps

USA - July 11 2012 The SEC and CFTC (the "Commissions") have approved long-awaited joint rules and interpretations concerning certain key definitions, including "swap" and "security-based swap" (collectively "Swaps").

Richard Choi, Ann Furman, Tom Lauerman

Update of NAIC separate account initiatives

USA - June 5 2012 Concerned about the use of separate accounts to fund products with general account guarantees, the NAIC continues to examine these products and to consider how these products and the underlying assets should be regulated and treated for insolvency purposes.

Jo Cicchetti