“Developments from the NAIC 2012 Fall National Meeting”
The National Association of Insurance Commissioners held its 2012 Fall National Meeting in National Harbor, Maryland from November 27th through December 2nd. It was the final of three 2012 National Meetings.
This Stroock Special Bulletin highlights certain developments from the Fall National Meeting relating to the following topics:
· Fixed Annuity Reserves;
· Principle-Based Reserves;
· Use of Captives and Special Purpose Vehicles;
· Reinsurance; and
· Solvency Modernization Initiative (including an update on the Risk Management and Own Risk and Solvency Assessment Model Act).