Time for an Overhaul of State-Based Regulation

Stein, Robert
July 2009
Best's Review;Jul2009, Vol. 110 Issue 3, p93
Trade Publication
The article reports on the proposal of the National Association of Insurers Commissioners (NAIC) for the U.S. government to carry out a reform on insurance regulation. NAIC stresses that the government should develop clear rules on the implementation of regulatory standards and generally accepted accounting principles (GAAP) which affect financial viability of insurance companies. Also, adoption of reserve and capital standards and integration of regulatory frameworks should be considered.


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