The NAIC Solvency Modernization Initiative (SMI) is an effort to assess and revise the US insurance solvency regulatory framework. SMI is focused on five key areas: capital requirements, governance and risk management, group supervision, statutory accounting and financial reporting, and reinsurance. Separately, the Dodd–Frank Act mandates changes to the regulation of surplus lines in the United States.
Please join Lawrence Hamilton and Vikram Sidhu as they discuss the latest SMI developments as well as changes to the regulation of surplus lines. The topics to be covered in the call include:
- Overview of NAIC Solvency Modernization Initiative
- Changes to NAIC Insurance Holding Company Model Law and Regulation
- Development of the Own Risk and Solvency Assessment (“ORSA”)
- Development of Best Practices for Group Supervision
- Impact of Dodd-Frank on Surplus Lines
Of Related Interest
Recent TeleconferencesThe Perfect Storm: Proposed Rulemaking by Three Agencies Threaten the Legality of Derivatives Transactions with ERISA Plans
Teleconference recording: 3/24/2011
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.