Regulation and Oversight
The European Union (EU) Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels, according to a news release from Guernsey Finance, the promotional agency for the island's finance industry internationally.
The National Association of Insurance Commissioners (NAIC) Financial Regulation Standards Accreditation Committee F voted on Tuesday to approve the revised draft of the Part A Accreditation Preamble with the addition of several technical amendments.
Medical stop loss coverage by self-funded insurers is becoming a hot issue, Self-Insurance Institute of America (SIIA) President Michael Ferguson has recently been quoted as saying. This topic warrants an increased focus on captives providing stop loss coverage and self-insured employers that provide medical coverage.