NAIC mulls mutual recognition reinsurance licensing
The National Association of Insurance Commissioners (NAIC) has unveiled a proposal calling for regulatory changes to allow for single-state licensing of US reinsurers, and encouraging the NAIC to develop a reinsurance supervision review department (RSRD).
The proposal was aired at the annual conference of the International Association of Insurance Supervisors (IAIS) during a panel titled, “Reinsurance: The Avenue Towards Mutual Recognition.”
The panel
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