Insurance Topics | Reinsurance | NAIC
2024年10月24日 · Actions. On June 25, 2019, the Executive (EX) Committee and Plenary adopted revisions to Model #785 and Model #786, which implement the reinsurance collateral provisions of the “Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance” (EU Covered …
2019年8月3日 · a. Reinsurance recoverables on unpaid casebasis and incurred but not reported - losses and loss adjustment expenses shall be reported as a contraliability net- ted against the liability for gross losses and loss adjustment expenses; b. Amounts paid for prospective reinsurance that meet the conditions for reinsurance
obligations of policyholders, regulators and the parties to assumption reinsurance agreements. Section 2. Scope. A. This Act applies to any insurer authorized in this state which either assumes or transfers the obligations or risks, or both, on contracts of insurance pursuant to an assumption reinsurance agreement.
Certified and Reciprocal Jurisdiction Reinsurers
The NAIC has compiled a list of the NAIC member jurisdiction webpages containing state specific information regarding certified and reciprocal jurisdiction reinsurers. This is intended for informational purposes only to facilitate accurate reporting of reinsurance transactions within the statutory financial statements. Alabama: Certified
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Insurance Topics | Covered Agreement | NAIC
2024年1月31日 · Actions. Status: On June 25, 2019, the NAIC Executive (EX) Committee and Plenary adopted revisions to the Credit for Reinsurance Model Law (#785) and Credit for Reinsurance Model Regulation (#786), which implement the reinsurance collateral provisions of the Covered Agreements with the European Union (EU) and the United Kingdom (UK).
reinsurance among affiliated companies, for reinsurance with funds withheld or reinsurance with. authorized reinsurers that is supported by equivalent trusteed or custodied collateral that meets. the requirements. of the types stipulated in paragraph 18 of Appendix A -785 (Credit for Reinsurance), where there
Credit for Reinsurance Model Regulation (#786) which reduce the prior reinsurance collateral requirements for non-U.S. licensed reinsurers that are licensed and domiciled in Qualified Jurisdictions and establish a certification process for reinsurers under which a Certified Reinsurer
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