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Wednesday, April 10, 2013

FIO Requests NAIC Gather Data on Access to Reinsurance

NAIC Reinsurance Task Force Chair Michael Consendine announced that the NAIC, at the request of the Federal Insurance Office (FIO), will conduct a survey on access to reinsurance information, which is part of Section 2 of the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA).

Specifically, the NAIC’s survey will gather data on how the NRRA has affected an insurers’ non-domiciled states’ ability to access reinsurance information.

The NAIC is expected to respond to the request in the next couple of weeks.

Learn more about the NRRA from the NAIC.