Qualified Jurisdiction — Public Notices

There are no advance materials at this time.

Survey on Effect of QJ Implementation of Solvency II
Exposure by Qualified Jurisdiction (E) Working Group. Submit survey responses to Matthew Todd and Dan Schelp by Wednesday, December 31, 2016. [Note: the previous survey response deadline of Wednesday, November 23, 2016, has been extended.]

Comments on the below exposure are due by the close of business Friday, January 13, 2017, and should be directed to Dan Schelp or Matt Todd.

 

There are no related documents at this time.

 

Related NAIC Publications

Contacts

Qualified Jurisdiction (E) Working Group

 

2019 Charges

The Qualified Jurisdiction (E) Working Group will:

  1. Develop and maintain the NAIC List of Qualified Jurisdictions in accordance with the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions.
  2. In conjunction with any revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), the Working Group is directed to consider changes to the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions to require that qualified jurisdictions recognize key NAIC solvency initiatives, including group supervision and group capital standards, as well as require strengthening of the information-sharing requirements between the states and qualified jurisdictions, in order for reinsurers domiciled in qualified jurisdictions to receive similar treatment to European Union (EU) reinsurers under the "Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance" (Bilateral Agreement), and processes of removal of qualified jurisdiction status in the event of a breach.

 


 

2018 Charges

The Qualified Jurisdiction (E) Working Group will:

  1. Develop and maintain the NAIC List of Qualified Jurisdictions in accordance with the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions.
  2. In conjunction with any revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), the Qualified Jurisdiction (E) Working Group is directed to consider changes to the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions to require that qualified jurisdictions recognize key NAIC solvency initiatives, including group supervision, group capital standards, and as well as require strengthening of the information-sharing requirements between the states and qualified jurisdictions, in order for reinsurers domiciled in qualified jurisdictions to receive similar treatment to EU reinsurers under the Covered Agreement, and processes of removal of qualified jurisdiction status in the event of a breach. Complete by the 2018 Fall National Meeting.