Thursday, October 06, 2005

 

Regulators Turn Principles Ideas Into Model Clauses

State insurance regulators are starting long-planned efforts to write a model act that will create a principles-based reserving system.

Mike Boerner, a Texas regulator, is leading the team that is writing the draft, and members of the draft team updated other regulators on the team’s progress at a recent meeting of the Life & Health Actuarial Task Force of the National Association of Insurance Commissioners, Kansas City, Mo.

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Regulators Turn Principles Ideas Into Model Clauses
Source: National Underwriter

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