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Qualified Jurisdiction (E) Working Group

2020 Proposed Charges

The Qualified Jurisdiction (E) Working Group will:

  1. Maintain the NAIC List of Qualified Jurisdictions and the NAIC List of Reciprocal Jurisdictions in accordance with the Process for Evaluating Qualified and Reciprocal Jurisdictions.
  2. Perform a yearly due diligence review of Qualified Jurisdictions to determine whether there have been any significant changes over the prior year that might affect their status as Qualified Jurisdictions.
  3. Consider evaluations of any additional jurisdictions for inclusion on the NAIC List of Qualified Jurisdictions.

2019 Charges

The Qualified Jurisdiction (E) Working Group will:

  1. Develop and maintain the NAIC List of Qualified Jurisdictions in accordance with theProcess for Developing and Maintaining the NAIC List of Qualified Jurisdictions.
  2. In conjunction with any revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), the Working Group is directed to consider changes to the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions to require that qualified jurisdictions recognize key NAIC solvency initiatives, including group supervision and group capital standards, as well as require strengthening of the information-sharing requirements between the states and qualified jurisdictions, in order for reinsurers domiciled in qualified jurisdictions to receive similar treatment to European Union (EU) reinsurers under the "Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance" (Bilateral Agreement), and processes of removal of qualified jurisdiction status in the event of a breach.

 

There are no call materials at this time.

QUALIFIED JURISDICTION — PUBLIC NOTICES
Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Dan Schelp 
Chief Counsel, Regulatory Affairs
816.783.8027

Jake Stultz
Senior Accounting and Reinsurance Policy Advisor
816.783.8481

Olivea Myers
Legal Counsel
816.783.8028

Please see the current Committee List for a complete list of committee members.

 

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