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No Action on “Multi-State Insurer” Definition

August 21, 2014

The National Association of Insurance Commissioners (NAIC) Financial Regulation Standards and Accreditation (F) Committee took no action at its August 16, 2014, meeting on the proposed regulatory definition of "multi-state insurer." Had the definition been adopted, it would have been necessary for states seeking NAIC accreditation to adopt the definition. The topic will be discussed again at the NAIC’s fall national meeting. A revised draft of the definition is expected to be issued before the fall meeting. Prior to the August meeting of Committee F, there was extensive opposition to the proposed definition

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