Restructuring Mechanisms for Troubled Companies Subgroup
Financial Condition (E) Committee

2008 Charges

Undertake a study of solvent schemes of arrangement (solvent run-offs) and Part VII portfolio transfers (a transfer leaving no recourse to original contractual obligor/insurer) and any other similar restructuring mechanisms to gain an understanding of (i) how these mechanisms are utilized and implemented; (ii) the potential affect on claims of domestic companies, including the consideration of preferential treatment within current laws; (iii) how alien insurers (including off-shore reinsurers) who have utilized these mechanisms might affect the solvency of domestic companies; and (iv) best practices for state insurance departments to consider if utilizing similar mechanisms in the United States and/or interacting with aliens who have implemented these mechanisms.

No related topics are available at this time.

No exposure drafts are available at this time.

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Comment Letters

March 2008

May 2008

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David Vacca , CPA
Senior Financial Analysis & Receivership Manager
Phone: 816.783.8134
Fax: 816.460.7809

Please see the current Committee List for a complete list of committee members.