NAIC Adopts Plan to Address Considerations Related to Private Equity Owned Insurers

At the Summer National Meeting of the National Association of Insurance Commissioners (the “NAIC”) on August 13, 2022, the NAIC adopted a plan (the “Work Plan”) to address the list of “Regulatory Considerations Applicable (But Not Exclusive) to Private Equity Owned Insurers” (the “Considerations”). The Considerations were developed by the NAIC over the last year and pertain to the ability of state insurance regulators to effectively monitor the solvency of a legal entity insurer and to assess risks faced by the insurer’s holding company system, particularly in the acquisition context.

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