The NAIC’s Reinsurance (E) Task Force (the “RTF”) met at the NAIC Spring 2013 National Meeting to discuss revisions to RTF’s draft “Process for Maintaining the NAIC List of Qualified Jurisdictions”. The revisions to the draft, which has been described in our prior bulletins, include changes to the expedited review procedure for a jurisdiction to become qualified and the removal of the applicant jurisdiction self-evaluation report requirement. The latest draft of the Process document is exposed comments.  

Also at the meeting, RTF received several reports, including a status update regarding the implementation of the revised Credit for Reinsurance Model Law (#785) and Credit for Reinsurance Model Regulation (#786), related work of other NAIC groups such as the Reinsurance Financial Analysis Working Group, and international reinsurance-related issues.