Insurance Law

Recent Posts

Highlights from the NAIC Spring Annual Meeting on PBR and Captive Insurance Companies
Posted on 29 Apr 2015 by Duane Morris LLP

Beginning in 2013, we have issued a series of Alerts on the controversy regarding the use of captive insurance companies to finance reserves for certain type of life insurance policies (so-called "XXX or AXXX reserves," which are widely believed... Read More

N.Y. Insurance Regulator Rejects Industry Standard for Establishing Reserve Requirements
Posted on 24 Sep 2013 by Ballard Spahr LLP

By the Ballard Spahr LLP Insurance and Consumer Financial Services Groups The Superintendent of the New York State Department of Financial Services (DFS), Benjamin M. Lawsky, has informed his fellow state insurance regulators in the National Association... Read More

Report to NAIC on Captives: The Controversy About Principle-Based Reserves and Captives Continues
Posted on 2 Apr 2014 by Duane Morris LLP

The use by life insurance companies of captive reinsurance companies to finance XXX and AXXX reserves has been a significant and contentious issue in recent years.[1] Some members of the National Association of Insurance Commissioners (the "NAIC"... Read More