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.
(subscription required)
Regulators Turn Principles Ideas Into Model Clauses
Source: National Underwriter
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.
(subscription required)
Regulators Turn Principles Ideas Into Model Clauses
Source: National Underwriter