Mar 4, 2025 · 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 Agreement) and …

9. Reinsurance recoverables on paid losses and loss adjustment expenses are reported as an asset under both statutory accounting and GAAP. Reinsurance recoverables on unpaid losses and loss adjustment expenses also meet the statutory definition of an asset established in …

Nov 15, 2023 · The Reinsurance (E) Task Force will: Provide a forum for the consideration of reinsurance-related issues of public policy. Oversee the activities of the Reinsurance Financial Analysis (E) Working Group. Coordinate with the Mutual Recognition of Jurisdictions (E) Working Group on matters regarding reinsurance.

• Significant reserve decrease due to reinsurance or use of non -primary security to back reserves • Collectability risk associated with the reinsurer is significant • Perhaps consideration of affiliated status or protections such as trusts or funds withheld • Generally targeting optimistic judgment on key assumptions or more favorable

G. “Reinsurance intermediary-manager” (RM) means a person, firm, association or corporation, whether known as a RM, manager or other similar term, who has authority to bind or manages all or part of the assumed reinsurance business of a reinsurer (including the management of a

Mar. 1, 2025 Exceptions to the Reinsurance Attestation Supplement (Property) Schedule SIS – Stockholder Information Supplement (Property, Life, Health, Title) Supplemental Compensation Exhibit (Property, Life, Health, Title) Mar. 15, 2025 Actuarial Opinion Summary (Property) (Note: An insurer’s state of domicile may

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.

Mar 4, 2025 · Karalee Morell (Reinsurance Association of AmericaRAA— ) stated that she agrees with the comments that were provided by the other commenters. 5.iscussed Ongoing Projects at the NAIC That Affect Reinsurance D . Jake Stultz (NAIC) stated that in 2023, the Macroprudential (E) Working Group had created a new einsurance r

1. Reinsurance is an agreement by which a reporting entity transfers all or part of its risk under a contract to another reporting entity. Current statutory guidance on the accounting for life and accident and health reinsurance is contained in Chapters 17, 21 and 24 of the Accounting Practices and Procedures

Non-admitted and Reinsurance Reform Act of 2010 (NRRA): Reinsurance. Through its Reinsurance (E) Task Force, the NAIC is addressing reinsurance provisions contained within the Nonadmitted and Reinsurance Reform Act (NRRA), included in The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203). Effective in July, 2011 the act ...