United States:
New Mexico Adopts NAIC Credit For Reinsurance Model Regulation
13 September 2018
Carlton Fields
To print this article, all you need is to be registered or login on Mondaq.com.
Effective July 24, 2018, New Mexico adopted the NAIC Credit for
Reinsurance Model Regulation. New Mexico adopted the Model Rule as
"part of a broad effort to modernize reinsurance regulation
and to conform with the Nonadmitted and Reinsurance Reform Act
component of Dodd-Frank." The new rule is codified in the New
Mexico Administrative Code at 13.2.8 NMAC – Insurance Company
Licensing and Operation – Credit for Reinsurance. The Notice
of Proposed Rulemaking and the now-adopted rule is linked here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Insurance from United States
D&O Insurance Myths (Part 2) (Video)
Lowenstein Sandler
Last month we discussed the importance of Directors and Officers (D&O) insurance and set the record straight on some common misconceptions about it.
Faulty Workmanship Coverage Update
Plunkett & Cooney
The Washington Supreme Court affirmed the Washington Court of Appeals ruling that coverage for repairs to the Gardens Condominium's roof components was available under the resulting loss exception to the insurance policy's faulty workmanship exclusion.
Priority Of Coverage: Debunking "Other Insurance" Myths
Lowenstein Sandler
Today on "Don't Take No For An Answer," host Lynda A. Bennett is joined by Alexander B. Corson for a discussion about priority of coverage, or who pays what when there are numerous claims, parties, and policies at play.