United States:
New Mexico Adopts NAIC Credit For Reinsurance Model Regulation
13 September 2018
Carlton Fields
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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.
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