NAIC President and Florida Insurance Commissioner Kevin M. McCarty welcomed nearly 600 attendees to the International Association of Insurance Supervisors (IAIS) Annual Conference in Washington, D.C. NAIC Past President, Chair of the International Insurance Relations Committee and Iowa Insurance Commissioner Susan E. Voss is the conference emcee. Hosted by the NAIC, the IAIS Conference runs until Oct. 12.

IAIS 2012 Website | IAIS Website
VIDEO: U.S. Insurance Regulators Increase International Focus

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Julie Mix McPeak
Tennessee
Commerce and
Insurance
Commissioner

Registration for the Life Insurance Symposium, hosted by the CIPR and the  NAIC, is open until Oct. 15, 2012.

"As leaders in the life insurance market, our featured speakers bring executive insight that promises to facilitate a meaningful conversation about the most current and pressing issues in the industry," said Julie Mix McPeak, NAIC
Life Insurance and Annuities Committee Chair and Tennessee Commerce and Insurance Commissioner.

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The Steering Committee of the U.S.-EU Dialogue Project will hold a public hearing to solicit comments on a draft report comparing aspects of the insurance regulatory regimes in the United States and the European Union.

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NAIC International Insurance Relations (G) Committee

John M. Huff
Missouri Insurance
Director

The NAIC has reappointed John M. Huff, Missouri Insurance Director, to a second two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). In this role, Huff will continue to represent the interests of the nation’s state insurance regulators on the council. FSOC is a fifteen member body comprised of the nation’s chief financial regulators.

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"Today the NAIC held a joint call of the Executive Committee/Plenary, during which the NAIC concluded two priority initiatives for the year; adoption of the Risk Management and Own Risk and Solvency Assessment (RMORSA) Model Act, and revisions to Actuarial Guideline XXXVIII (AG38).

The RMORSA Model Act is a key element in our effort to modernize the U.S. approach to the regulation of insurance groups. The Model passed today follows our recent work on the NAIC Holding Company Model Act, which I am pleased to say has been adopted in ten states."

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