ARTICLE
13 September 2018

New Mexico Adopts NAIC Credit For Reinsurance Model Regulation

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 ...
United States Insurance

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.

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