News & Analysis as of

Insurance Industry Insurance Holding Company

Bressler, Amery & Ross, P.C.

New Jersey Amends the Holding Company Systems Regulations to Conform New Jersey’s Rules to the Requirement for a Worldwide Group...

Under Federal Law, the Group Capital Calculation (GCC) is the means through which states put in place a “worldwide group capital calculation” to avoid the European Union from imposing a group capital requirement of its own on...more

Foley & Lardner LLP

States Continue to Adopt NAIC Group Capital Calculation Updates

Foley & Lardner LLP on

In 2020, the National Association of Insurance Commissioners (the NAIC) revised the Insurance Holding Company System Regulatory Act (the “Model Law”) and Insurance Holding Company System Model Regulation (the “Model...more

A&O Shearman

A comparative overview of the Hong Kong and Singapore regulatory frameworks for the supervision of insurance groups

A&O Shearman on

The Hong Kong government recently announced that the insurance group-wide supervision framework (GWS framework) will commence on 29 March 2021. The GWS framework will be implemented via the Insurance (Amendment) (No. 2)...more

Locke Lord LLP

California Adopts NAIC Corporate Governance Annual Disclosure Requirements

Locke Lord LLP on

On Monday, August 17, 2015, California Assembly Bill 553 was signed by Governor Jerry Brown, and became immediately effective. AB 553 adopts much of the NAIC’s Model Corporate Governance Annual Disclosure Model Act, along...more

Hinshaw & Culbertson LLP

California Insurance-Related Bills Signed into Law

September 30, 2014, was the deadline for Governor Jerry Brown to take action on bills passed by the California Legislature during the 2014 regular legislative session. Here are summaries of noteworthy insurance-related bills...more

Saul Ewing Arnstein & Lehr LLP

Pennsylvania Insurance Department’s Proposed Insurance Holding Company Regulations – Significant Changes Ahead

Pennsylvania insurers should be aware that proposed changes to Pennsylvania’s Insurance Holding Company regulations impose significant new requirements – especially for management agreements, service contracts, tax allocation...more

Saul Ewing Arnstein & Lehr LLP

New York Insurance Holding Company Regulation Amendments to take effect on June 23, 2013

The New York Department of Financial Services has adopted amendments to its insurance holding company regulation, which are intended to (i) harmonize the regulation to the NAIC’s Model Insurance Holding Company System...more

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