Update from the National Association of Insurance Commissioners (NAIC)


“Contributed from ICCIE Board Member Hartley Hartman (of Johnson Lambert):”

The annual Spring Meeting of the National Association of Insurance Commissioners (NAIC) has come and gone and with it comes a variety of changes to the statutory accounting guidance that’ve we’ve all come to know and love.  As the NAIC statutory accounting guidance is not an officially authoritative piece of literature it has been adopted by the majority of states and regulatory bodies within the fifty states, District of Columbia and five U.S. territories in an effort to help regulate and facilitate those insurance entities subject to statutory guidance and regulation.

The link below provides a brief summary of the most recent statutory accounting changes that were a by-product of the NAIC Spring Meeting.