NCIGF Strategic Planning Initiative
…tabulation, the NCIGF Executive Committee approved funding to retain consultants. Dr. Terri Vaughan and Dr. Robert Cooper, faculty members from Drake University, brought to the effort proven research skills and…
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Protect the Integrity Of State Guaranty Funds
…depend upon an ad hoc widening of the scope of guaranty fund coverages during administration of an insolvency, a purchaser’s motivation to buy coverage from the most financially sound companies…
IT Security – The Next Right Thing
…automated phishing and security training for users, buy something that does automated vulnerability scans/reports, create and follow a patching strategy (patching/reboots on Sunday afternoon), more robust monitoring, log aggregation, and,…
With NCIGF Help, NAIC Makes More Progress on Large Deductibles
…approved revisions to the Receivers’ Handbook to clarify best practices on various administrative issues relating to deductibles. Taking it a step further, the Receivership Large Deductible Workers’ Compensation (E) Working…
Treasury Review of Regulatory Structure Associated with Financial Institutions: Request for Comments (TREAS-DO-2007-0018)
…as state guaranty associations “qualify” by not discriminating between federally- and state-chartered insurers and their consumers, and so long as state guaranty associations provide a minimum level of protection essentially…
Guaranty Fund Assessment Liability Information
…NCIGF Guidelines: Ad-Hoc Guaranty Fund Financial Reporting and New Recurring Financial Reports; and 3) notify the requesting party whether the request was approved and timeline for providing the financial information….
Pre-Liquidation Planning
…Automobile Personal Injury Protection Claim Payments Cyber, WC, and Commercial insurance require greater advance preparation. UDS and Claims Data The NAIC approved a Uniform Data Standard (UDS) format developed for…
Company Division Statutes Gain Steam in the States
…created insurance company. The statutes proposed typically call for a plan to be filed with and approved by the state’s commissioner of insurance. Sometimes review and approval by the court…
Company Restructuring Statutes Gain Steam in the States- NCIGF Adopts Policy Position
…an existing or newly created insurance company. The statutes proposed typically call for a plan to be filed with and approved by the state’s commissioner of insurance. Sometimes review and…
NCIGF Makes Progress at NCOIL
NCIGF-advocated measures received favorable action during the National Conference of Insurance Legislators (NCOIL) meeting last week in Charleston, S.C. Language was approved making it an express requirement that the Commissioner…