Insurers seek more time to comment on new capital requirements

July 26, 2016 by Arthur D. Postal

WASHINGTON — The insurance industry is asking the Federal Reserve Board of Governors for more time to respond to a request for comments on regulatory capital requirements that the agency would impose on insurers designated as systemically significant and those that operate thrift holding companies.

The request was made July 6 by the American Council of Life Insurers and the American Insurance Association.

The current deadline is Aug. 17. The trade groups are seeking an additional 45 days, or, at a minimum, 30 additional days to comment.

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Originally Posted at LifeHealthPro on July 21, 2016 by Arthur D. Postal.