2024年10月3日 · Actions. On June 25, 2019, the Executive (EX) Committee and Plenary adopted revisions to Model #785 and Model #786, which implement the reinsurance collateral …

A reinsurance agreement is a contract between insurance companies. A ceding insurer transfers risk to an assuming reinsurer, the insurance company (or companies) that assumes all or part …

9. Reinsurance recoverables on paid losses and loss adjustment expenses are reported as an asset under both statutory accounting and GAAP. Reinsurance recoverables on unpaid losses …

• Significant reserve decrease due to reinsurance or use of non -primary security to back reserves • Collectability risk associated with the reinsurer is significant • Perhaps consideration of …

CREDIT FOR REINSURANCE MODEL LAW. Table of Contents. Section 1. Purpose . Section 2. Credit Allowed a Domestic Ceding Insurer . Section 3. Asset or Reduction from Liability for …

stop loss or catastrophe reinsurance. Section 4. Accounting Requirements. A. No insurer subject to this regulation shall, for reinsurance ceded, reduce any liability or establish any asset in any …

The amendments to the NAIC Credit for Reinsurance Model Law (#785) & Regulation (#786) are part of a larger effort to modernize reinsurance regulation in the United States. The NAIC …

binder. Reinsurance intermediaries act as insurance producers in accepting any reinsurance contract or binder on behalf of an insurer. The NAIC has adopted the Reinsurance …

The Reinsurance (E) Task Force will: Provide a forum for the consideration of reinsurance-related issues of public policy. Oversee the activities of the Reinsurance Financial Analysis (E) …

Reinsurance which were drafted to clarify the application of existing concepts in SSAP No. 62R. 2. The substantive revisions to SSAP No. 62R (illustrated in Exhibit A), are intended to clarify …