NAIC Adopts Guidance on Acquisition of Control of US Insurers
23 April 2015
Mayer Brown Legal Update
The National Association of Insurance Commissioners’ Private Equity Issues (E) Working Group has adopted Guidance for regulators to use when reviewing “Form A” applications. Although originally intended for use when considering ways to mitigate or monitor risks associated with private equity or hedge fund ownership or control of insurance company assets, the Guidance will apply to all Form A applications filed by all potential acquirers of insurers, and not just to acquisitions by private equity firms or hedge funds.