As the derivative exposure of U.S. insurers continues to increase and the industry increasingly engages in derivative transactions, including Qualified Financial Contracts (“QFCs”) and Netting Agreements (defined below), it...more
The National Association of Insurance Commissioners (“NAIC”) on Friday, March 20, 2020 held a Special Session on COVID-19. The session was broken into two parts: the first, open to the public call in the morning and second,...more
Pet insurance is receiving increased attention by regulators. At the National Association of Insurance Commissioners (NAIC) Summer Meeting in August 2019, the Plenary Committee adopted a white paper entitled “A Regulator’s...more
Washington H.B. 1001 was enacted on April 8, 2019, and will take effect on July 28, 2019.1 H.B. 1001 makes changes to Wash Rev. Code Chapter 48.110 governing service contracts and protection products guarantees which permit...more
Regulatory Risk -
Insurance regulators are increasingly investigating and examining (Regulatory Exams) third party administrators (TPAs). Are insurers doing business with TPAs at risk from these Regulatory Exams? ...more