Insurance regulation the NAIC Accreditation Program can be improved.

Insurance regulation the NAIC Accreditation Program can be improved.
Author:
Publisher: DIANE Publishing
Total Pages: 50
Release: 2001
Genre:
ISBN: 142894818X

NAIC's voluntary accreditation program has existed now for more than 10 years. During this time, the program has demonstrated its value by defining a common set of basic regulatory requirements for solvency regulation and successfully engineering their adoption by nearly all states. Currently, 47 state insurance departments and the District of Columbia are accredited through NAIC. In the years since its inception, NAIC has moved to improve and strengthen its accreditation program by adding model laws and regulations to the required standards in order to address the changing environment of the insurance industry and insurance regulation. In addition, it has revised the way accreditation reviews are performed and scored and has improved training for members of review teams.

Insurance Regulation

Insurance Regulation
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
Total Pages: 50
Release: 2018-02-07
Genre:
ISBN: 9781984986276

GAO-01-948 Insurance Regulation: The NAIC Accreditation Program Can Be Improved

Insurance Regulation: The NAIC Accreditation Program Can be Improved

Insurance Regulation: The NAIC Accreditation Program Can be Improved
Author:
Publisher:
Total Pages: 50
Release: 2001
Genre:
ISBN:

NAIC's voluntary accreditation program has existed now for more than 10 years. During this time, the program has demonstrated its value by defining a common set of basic regulatory requirements for solvency regulation and successfully engineering their adoption by nearly all states. Currently, 47 state insurance departments and the District of Columbia are accredited through NAIC. In the years since its inception, NAIC has moved to improve and strengthen its accreditation program by adding model laws and regulations to the required standards in order to address the changing environment of the insurance industry and insurance regulation. In addition, it has revised the way accreditation reviews are performed and scored and has improved training for members of review teams.

Insurance Regulation

Insurance Regulation
Author: Richard J. Hillman
Publisher: DIANE Publishing
Total Pages: 80
Release: 2001-03
Genre:
ISBN: 9780756708870

Presents an evaluation of insur. regulatory oversight and info.-sharing in the matter of a highly publicized insur. invest. scam exposed in May 1999. Under indictment for embezzling more than $200 mill. in insur. co. assets over nearly an 8-year period is Martin Frankel. Mr. Frankel, a former securities broker who was barred from that industry in 1992, allegedly migrated to the insur. industry and operated as a rogue by engaging in illegal activity. This report: describes the alleged scam; evaluates the oversight and info.-sharing by insur. regulators; and identifies cross-financial-sector coord. issues, including those emanating from the scam.