NAIC claims AM Best study approves state insurance regulation
The National Association of Insurance Commissioners’ (NAIC) is claiming that a recently published study by rating agency AM Best, entitled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national system of state-based insurance regulation has been increasingly effective in protecting policyholders and decreasing the effects of insurer insolvencies—especially over the past 15 years under NAIC’s Solvency Agenda.
New Jersey Insurance Commissioner Holly Bakke, chair of the NAIC Receivership and Insolvency Task Force, said that: “This study demonstrates the success of our national system of state-based insuranceOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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