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Regulation - Standards - NAIC calls for streamlined regulation.
(From Reinsurance)
The Interstate Compact National Standards Working Group, part of the National Association of Insurance Commissioners (NAIC) has adopted new national standards for term-life insurance and variable annuities products.
The new standards are a part of the Interstate Insurance Product Regulation Compact framework. They also emphasise a key component of the NAIC modernisation action plan - Reinforced commitment: Insurance regulatory modernisation action plan - which calls for the development and implementation of an interstate ...
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