TITLE

Time for an Overhaul of State-Based Regulation

AUTHOR(S)
Stein, Robert
PUB. DATE
July 2009
SOURCE
Best's Review;Jul2009, Vol. 110 Issue 3, p93
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
43154346

 

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