RIMS supports NAIC proposal
The Risk and Insurance Management Society said that it was "encouraged" that the National Association of Insurance Commissioners has approved the Reinsurance Regulatory Modernization Framework Proposal at its recent Winter National meeting.
"NAIC's adoption of the framework is a small step forward in the process of developing a new regulatory regime for reinsurance; however, many details remain to be worked out," it said.
The NAIC
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