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Bookmark or Share- Statement of Statutory Accounting Principles No.Reinsurance Deposit Accounting—An Amendment to SSAP No. 62R, Property and Casualty Reinsurance . SCOPE OF STATEMENT . 1. This statement provides statutory accounting principles for reinsurance contracts that do not transfer both components of insurance risk (underwriting risk and timing risk). SUMMARY CONCLUSION . 2.
- Certified and Reciprocal Jurisdiction ReinsurersThe NAIC has compiled a list of the NAIC member jurisdiction webpages containing state specific information regarding certified and reciprocal jurisdiction reinsurers. This is intended for informational purposes only to facilitate accurate reporting of reinsurance transactions within the statutory financial statements. Alabama: Certified
- Insurance Topics | Captive Insurance Companies | NAICGroup Captive: Any domestic insurance company licensed under the provisions of this article for the purpose of making insurance and reinsurance, including any company organized under the federal “Liability Risk Retention Act of 1986,” as amended, 15 U.S.C. §3901-3905.. Such insurance and reinsurance shall be limited to the risks, hazards ...
- Insurance Topics | Reinsurance | NAICActions. On June 25, 2019, the Executive (EX) Committee and Plenary adopted revisions to Model #785 and Model #786, which implement the reinsurance collateral provisions of the “Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance” (EU Covered Agreement) and “Bilateral Agreement Between the United ...
- U.S. REINSURANCE COLLATERAL WHITE PAPER - National Association of ...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 of the risk of one
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