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Amended Regulation Reinsurance

Eversheds Sutherland (US) LLP

Rhode Island statute on voluntary restructuring of solvent insurers amended to provide increased options and greater flexibility

Earlier this month Rhode Island Governor Gina Raimondo signed into law changes to the state’s runoff statute that are intended to make it a more attractive channel for insurers and reinsurers seeking to separate, transfer and...more

Locke Lord LLP

Hit the Rhode (Island) Jack

Locke Lord LLP on

The Rhode Island state legislature has amended the enabling act to the state’s legacy transfer program, R.I.G.L § 27-14.5-1 et seq. (“R.I. Restructuring Act”), to provide clarification to the marketplace. The enabling act,...more

Locke Lord LLP

Revised California Reinsurance Regulations Allow California Domestics to Cede 100% of Business to Affiliates and Intercompany...

Locke Lord LLP on

California’s reinsurance regulations (Cal. Code Regs. tit. 10, §§ 2303 – 2303.29) were amended effective the first of this year. The revisions included changes to update the regulations to comport with current law and current...more

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