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Tuesday, August 30, 2016

More New Reporting Requirements - flood and creditor placed insurance

Yesterday at a meeting of the NAIC’s Market Analysis Procedures Working Group, Birny Birnbaum, a consumer advocate, proposed to add data elements to the Market Conduct Annual Statement (MCAS) for flood insurance (private and creditor-placed) and lender-placed hazard insurance. ABIA plans to comment on any new requirements for additional reporting.

View the proposal. Comment are due Sept 20; ABIA should comment.