Filed Under:Your Practice, Regulatory

AIA secures its top priority

The American Insurance Association secured its top priority, reopening of the Model Holding Company Model Law for further modification, at the recent spring meeting of the National Association of Insurance Commissioners in Orlando.

The NAIC Executive Committee voted by voice vote at the conference’s plenary session last Sunday to approve reopening the Model Holding Company act to change, after adding some guidance. The issue was referred to the Financial Condition (E) Committee where development of any changes would take place as part of the 2014 work of the Group Solvency Issues (E) Working Group. The NAIC expects that any amendments to the Act would be completed by year’s end.

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Nichole Morford

Nichole Morford
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