Filed Under:Your Practice, Regulatory

Captive paper comments aim for fixes

The insurance industry and others are proposing fixes to the NAIC Captives and Special Purpose Vehicles White Paper Discussion Draft to keep in use what is “deeply embedded” in the business model for life insurers, and offer more to appease regulatory concern.

Also, industry interests say that even the AG38 changes and implementation of Principles-Based Reserving (PBR) may not necessarily eliminate the need for captive/SPV use by commercial insurers. 

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Nichole Morford

Nichole Morford
Managing Editor

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