SAFE-T account concept to be evaluated by NAIC. (Solvency and Financial Enforcement Trust solvency regulation technique, National Association of Insurance ... & 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 October 18, 1993. The length of the article is 572 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 Assn of Insurance Commissioners (NAIC) will study property and casualty insurance companies in the liquidation process to determine whether the insolvencies might have been prevented if Solvency and Financial Enforcement Trust (SAFE-T) financing procedures had been applied. Created by two former Illinois insurance commissioners, SAFE-T procedures require property and casualty insurers to deposit money or marketable securities equal to liabilities with a bank fiduciary. NAIC will complete the study when its staff has finished other higher priority research.

Citation Details
Title: SAFE-T account concept to be evaluated by NAIC. (Solvency and Financial Enforcement Trust solvency regulation technique, National Association of Insurance Commissioners)
Author: L.H. Otis
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: October 18, 1993
Publisher: The National Underwriter Company
Issue: n42 Page: p47(1)

Distributed by Thomson Gale