In insurance captives debate, ‘everything is on the table’ – NAIC president

February 1, 2014 by Leslie Scism

A national standards-settings group for the state-regulated insurance industry has “everything on the table” as it seeks to resolve issues over the use of controversial “captive” entities that critics say allows insurers to mask their financial health, the new president of the organization said in an interview.

“Everything” includes moves to potentially eliminate use of the captives altogether as well as development of standards for uniformity across states if continued use is permitted, said Adam Hamm, who assumed the presidency of the National Association of Insurance Commissioners last month for a one-year term.

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Originally Posted at LifeHealthPro on January 31, 2014 by Leslie Scism.