NAIC adopts its Reinsurance Regulatory Modernization Framework

NAIC adopts its Reinsurance Regulatory Modernization Framework
Andrea P. Brockway, James S. Gkonos, Co-Authors
Risky Business

This article, written by attorneys James S. Gkonos and Andrea P. Brockway, tracks the evolution of the National Association of Insurance Commissioners' recently adopted Reinsurance Regulatory Modernization Framework Proposal.

It also covers, in detail, what lies ahead in the move to reform U.S. state-based regulation of reinsurance collateral requirements to come up with more uniform standards, applicable to domestic and foreign reinsurers. Gkonos is Vice Chair of the Insurance Practice Group; Brockway is a member of the Insurance Practice Group.