COVID-19 Slows Reinsurance Regulatory Reform
By EsqSocial Corporation 20/10/20
At the 2020 National Association of Insurance Commissioners (“NAIC”) Summer National Meeting, a senior regulator with the Missouri Department of Insurance observed that as of July 7, 2020 only eleven U.S. jurisdictions had adopted 2019 amendments to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786) (as amended, the “Credit for Reinsurance Models”), but seventeen states were still evaluating the NAIC’s positions......
By: King & Spalding