In 2014 additional changes were made to the HCA including a new section on the designation and authority of a group-wide supervisor for internationally active insurance holding companies. States continue to consider the adoption of this language.
NAMIC does not oppose the 2010 model act/regulation as long as states include an exemption from the enterprise risk filing for small companies; consistent effective dates for enterprise risk report Form F filings; and language to ensure that the confidentiality of enterprise risk and proprietary information.
NAMIC does not oppose the 2014 changes to the model act, including provisions for a group-wide supervisor as long as the state enactment adheres to the model language.
Erin Collins
Senior Vice President - State and Policy Affairs
