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The Surplus Lines Financial Analysis Working Group provides NAIC/IID financial staff guidance and expertise relative to regulatory policy and practices with respect to individual companies and Lloyd’s syndicates that are either listed on or seeking admission to the Quarterly Listing of Alien Insurers.
The authority of the working group is limited to that of an advisory body, with a goal of formulating recommendations to the Chairs of the Task Force and Property/Casualty Insurance Committee for the appropriate regulatory response. Issues upon which the Surplus Lines Financial Analysis Working Group may formulate a recommendation might include, but are not limited to, approval or disapproval of applicants to the Quarterly Listing, delisting of listed insurers, changes to trust fund requirements, or placement of limitations or restrictions on a listed insurer’s business activity in the United States.
Charges:
- Provide NAIC/IID financial staff guidance and expertise relative to regulatory policy and practices with respect to individual companies and Lloyd’s syndicates that are either listed on or seeking admission to the Quarterly Listing. This charge is on-going and will be assumed by the Surplus Lines Financial Analysis Working Group. The authority of the working group is limited to that of an advisory body, with a goal of formulating recommendations to the Chairs of the Task Force and Property/Casualty Insurance Committee for the appropriate regulatory response. Issues upon which the Surplus Lines Financial Analysis Working Group may formulate a recommendation might include, but are not limited to, approval or disapproval of applicants to the Quarterly Listing, delisting of listed insurers, changes to trust fund requirements, or placement of limitations or restrictions on a listed insurer’s business activity in the United States
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