The National Conference of Insurance Guaranty Funds (NCIGF) has released the winter 2012 issue of Insolvency Trends 2012. Authored by the NCIGF legal and public policy staff, Insolvency Trends 2012 provides an update on recent developments in insolvency law and practice. Click here to view the winter isue of Insolvency Trends 2012.
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On December 16, 2011 the National Conference of Insurance Guaranty Funds (NCIGF) and the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) filed joint comments with the Federal Insurance Office (FIO).
The comments were submitted in response to the request by the FIO for public input on “How to Modernize and Improve the System of Insurance Regulation in the United States” for a report to Congress called for by Dodd Frank.
To view the comments, click here.
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On November 16, 2011 Roger Schmelzer, President of the NCIGF, submitted testimony to a U.S. House of Representatives Financial Services Insurance, Housing and Community Opportunity Subcommittee hearing. The hearing focused on the topic Insurance Oversight & Legislative Proposals.
The testimony covered how the state insurance guaranty systems work to protect insurance policy holders when insurance companies become insolvent, and provided an assessment about the financial strength of the guaranty fund system.
The National Conference of Insurance Guaranty Funds’ (NCIGF) has released the Accounting Guidelines Manual authored by the NCIGF Accounting Issues Committee. Formerly titled the Financial Reporting Guidelines Manual, the publication provides guidelines on guaranty fund-related accounting practices. Click here to view the Accounting Guidelines Manual.
