NAMIC moving to promote SAFE-T. (National Association of Mutual Insurance Companies' Solvency and Financial Enforcement Trusts): An article from: ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on February 1, 1993. The length of the article is 734 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The National Association of Mutual Insurance Companies is launching a major campaign to position its Solvency and Financial Enforcement Trusts (SAFE-T) concept as a better alternative to risk-based capital regulations or new federal statutes regulating the finances of the insurance industry. Developed by State Farm, the SAFE-T concept requires insurers to put capital into a custodial account that is the equivalent of 100% of anticipated losses and expenses related to losses. If the amount of capital in a SAFE-T fell below 80%, state regulators would be empowered to take action against the insurance company.

Citation Details
Title: NAMIC moving to promote SAFE-T. (National Association of Mutual Insurance Companies' Solvency and Financial Enforcement Trusts)
Author: Steven Brostoff
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: February 1, 1993
Publisher: The National Underwriter Company
Issue: n5 Page: p3(2)

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