NAIC may mull exemption for offshore captive sites. (National Association of Insurance Commissioners): An article from: National Underwriter Property & 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 June 7, 1993. The length of the article is 913 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 Insurance Commissioners (NAIC) Pres Steven T. Foster told attendees at the first Bermuda Insurance Symposium that the organization might exempt offshore captive insurance companies from fronting regulations if Bermuda and other domiciles eliminated confidentiality restrictions. Bermuda would welcome the exemption but is hesitant to drop its financial privacy and confidentiality laws which have attracted many offshore insurers to select Bermuda for their home base.

Citation Details
Title: NAIC may mull exemption for offshore captive sites. (National Association of Insurance Commissioners)
Author: David M. Katz
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: June 7, 1993
Publisher: The National Underwriter Company
Issue: n23 Page: p1(3)

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