Oct 30, 2024 · Issue: Reinsurance, often referred to as “insurance for insurance companies,” is a contract between a reinsurer and an insurer. In this contract, the insurance company—the …

The NAIC has compiled a list of the NAIC member jurisdiction webpages containing state specific information regarding certified and reciprocal jurisdiction reinsurers. This is intended for informational …

A reinsurance intermediary acts as a broker in soliciting, negotiating or procuring the writing of any reinsurance contract or binder. Reinsurance intermediaries act as insurance producers in accepting …

The NAIC Credit for Reinsurance Model Law (#785) and Model Regulation (#786) strengthen state regulation, prevent regulatory arbitrage, protect U.S. policyholders, and reduce the uncertainty faced …

SUMMARY OF ISSUE Reinsurance is the assumption by an insurer of all or part of a risk undertaken originally by another insurer. Current statutory guidance on the accounting for property and casualty …

6/20/2024 Reinsurance AAT – Today’s Discussion Move towards developing consensus on concepts Plan next steps towards details and Actuarial Guideline (AG) wording .

It also includes their certified reinsurance identification number (CRIN), reciprocal jurisdiction reinsurer identification number (RJIN) and country of domicile. This section will assist you when you know the …

Monitor international developments regarding life and health insurance reserving, capital, and related topics. Compare and benchmark these with PBR requirements. Coordinate with the Reinsurance (E) …

Reinsurance Data With the increasing complexity of risk management and the focus on underwriting profits, Schedule F for Property/Casualty and Schedule S for Life/Accident/Health/Fraternal provide …

For reinsurance ceded under reinsurance agreements with an inception, amendment or renewal date on or after January 1, 1993, the trust shall consist of a trusteed account in an amount not less than the …