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Reinsurance Insurance Code

Mitchell, Williams, Selig, Gates & Woodyard,...

The Texas Department of Insurance Adopts New Reinsurance Rules

The Texas Department of Insurance has taken the next step in implementing the Covered Agreement requirement by adopting rules relating to reciprocal reinsurers with the effective date of the rule on January 1, 2022. S.B....more

Hogan Lovells

Italian law implementing the IDD is published in the Official Journal

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On 16 June Legislative Decree No. 68/2018 aimed at implementing the IDD (the “Legislative Decree“) was published on the Italian Official Journal. ...more

Carlton Fields

Michigan Amends Reinsurance Credit Statute To Conform To NAIC Model Law

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On April 10, 2018 Michigan Governor Rick Snyder (R) signed Michigan Senate Bill 638 into law to amend the state’s insurance code to conform to the National Association of Insurance Commissioner (“NAIC”)’s model law on...more

Carlton Fields

Wisconsin Adopts New Credit For Reinsurance Rule Based On Certified Reinsurers

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On November 7, 2017, the Commissioner of Insurance for the State of Wisconsin issued an order approving a new rule to be added to Section Ins. Ch. 52, Wis. Adm. Code. The rule is intended to modernize Wisconsin’s credit for...more

Carlton Fields

Texas Passes Reduced Collateral Credit For Reinsurance Law Pertaining To Foreign Reinsurers

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This past summer, the Texas legislature passed and the Governor signed a law that allows Texas insurers to negotiate reinsurance contracts with foreign reinsurers that do not require 100% collateral before the insurer can...more

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