Guaranty Fund Assessment Liability Information
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On the Horizon: Treasury Department Offers Blueprint for Modernization of Financial Regulation
…granted statutory authority to deal with international regulatory issues, such as reinsurance collateral, and second to advise the Secretary of the Treasury on major domestic and international policy issues. In…
Facts and Statistics
The nation’s property and casualty guaranty funds are a non-profit system created by state statutes that pays claimants’ outstanding covered claims against insolvent insurance companies. Created by policymakers and the…
NCIGF Weighs in on Reinsurance Collateral Proposals
…recoveries, that any reduction in current collateral requirements will directly and considerably add to the cost of guaranty association protection that is, by statute, ultimately passed on to the public.”…
NCIGF WEIGHS IN AT THE NAIC ON SUGGESTIONS FOR ESSENTIAL PROVISIONS FOR INSOLVENCY LAWS
The Receivership and Insolvency Task Force (RITF) submitted a request that members and other interested parties identify key provisions that states should have in their laws to promote effectiveness and…
NCIGF Continues to Represent U.S. Guaranty System Worldwide
…Texas Department of Insurance and chairman of the NAIC Receivership and Insolvency Task Force also serves on the working group. Prior to the meeting, NCIGF and NOLHGA submitted a joint…
NCIGF Announces Policy Position on Restructuring at Austin NAIC meeting
…or written by risk retention groups and the like which are excluded from coverage under current law. The complete NCIGF policy position and related information may be viewed at https://www.ncigf.org/industry/public-policy-and-legislation/…
Media Inquiries
…guaranty funds please visit https://www.nolhga.com. For media inquiries about the property/casualty guaranty fund system, please fill out this form. Your Name (required) Your Email (required) Subject (required) Your Message (required)…
UDS Changes and Corrections
…when the 815 record has an expiration date with is before the cancellation date. The canceled policy expired before the order of liquidation was filed for the insolvency. Cancellation date…
Michigan Announces New Executive Director
…state of Michigan. “Jeff’s strong background in the property and casualty industry, passion for transparent leadership, and problem-solving approach will undoubtedly prove valuable assets to MPCGA,” said Milkint. Jenkins most…