NAIC Shares Letters with Congress Regarding S&P Global’s Proposed Capital Model
The National Association of Insurance Commissioners on behalf of the chief insurance regulators in the 50 states, the District of Columbia, and the U.S. Territories shares letters detailing their perspective on S&P Global’s (S&P) proposal to revise its methodology for assessing insurers’ financial strength, Insurer Risk-Based Capital Adequacy – Methodology and Assumptions.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.