Cynthia Braman's blog

By Barry Cohen

Satellite view of hurricaneThe NAIC issued temporary INT 17-01T Extension of Ninety-Day Rule for the Impact of Hurricane Harvey, Hurricane Irma and Hurricane Maria for receivables from agents and policyholders on policies directly impacted by wind and flood damage in the following areas declared as states of emergency by FEMA:  Alabama, Florida, Georgia, Louisiana, Puerto Rico, South Carolina, Texas and the U.S. Virgin Islands.

NAIC Considering Additional Limitations to Admissible Statutory Goodwill

Submitted by Cynthia Braman on Wed, 10/04/2017 - 10:19am

By Barry Cohen

Time passingThe NAIC is proposing to further limit the admissibility of statutory goodwill included in subsidiary, controlled and affiliated entity (SCA) investment values. Currently, goodwill is limited to 10% of parent company adjusted capital and surplus.

Proposed Extensions to Sub 1 and Sub 2 Filing Deadlines

Submitted by Cynthia Braman on Tue, 09/12/2017 - 12:59pm

September 2017By Barry Cohen

The NAIC is considering extensions to the current Sub 1 and Sub 2 filing deadlines. The NAIC may extend the Sub 1 filing deadline to 90 days after acquisition or formation of the non-insurance subsidiary, controlled and affiliated (SCA) entity. The current deadline is 30 days after acquisition.  

Syndicate content