"Insurance Updates"

This Stroock Special Bulletin highlights certain recent legislative developments in Florida, New Jersey, New York and Virginia with respect to captive insurance, qualified financial contracts and credit for reinsurance.  Additionally, this bulletin provides an update with respect to recent charges given to each of (1) the Captives & SPV Use Subgroup of the Financial Condition (E) Committee and (2) the Joint Working Group of the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee, of the National Association of Insurance Commissioners.