INSURASALES

Tag: NAIC

NAIC Task Force Adopts Disclosure-Focused Reinsurance Asset Testing Guideline

The NAIC Life Actuarial Task Force adopts a new disclosure-only guideline for reinsurance asset testing, with initial data reporting mandated by 2026 to enhance transparency in life insurer reserves.

Erie Insurance Q1 2025 Financial Report Highlights

Erie Insurance released its Q1 2025 NAIC statutory financial statement detailing assets, liabilities, reserves, income, and surplus, illustrating the company’s financial position and regulatory compliance.

Louisiana Dept. of Insurance Earns NAIC Accreditation, Gains Leadership Roles

Louisiana Department of Insurance achieves NAIC accreditation for financial solvency regulation and secures multiple NAIC leadership appointments for 2025, enhancing its role in national insurance oversight.

New Jersey Adopt Best-Interest Annuity Standards as 50th State

New Jersey completes nationwide adoption of NAIC best-interest annuity standards, aligning state and federal regulations on insurance producer obligations and consumer protections.

NAMIC Report Clarifies AI Myths in Insurance Pricing and Regulation

NAMIC report dispels common myths about AI use in insurance, emphasizing the need for industry-specific regulation and the benefits of accurate risk-based pricing to promote competition and consumer access.

New Jersey’s Adoption Marks Nationwide Best-Interest Standard for Annuity Sales

New Jersey finalizes nationwide adoption of the NAIC best-interest annuity sales standard, reinforcing state regulatory primacy and impacting retirement product compliance.

Washington State Insurance Statistical Reporting Requirements and Thresholds

Comprehensive overview of Washington state's statistical reporting requirements for property and casualty insurers, including premium thresholds, NAIC guidelines, and line-specific rules.