Issues & Trends In Insurance.
June 7, 2005
Steps on finite reinsurance and Sarbanes-Oxley-type requirements highlighted the NAIC’s Summer Meeting in Boston. Fast-track proposals on new finite reinsurance disclosures and attestations by chief executive and financial officers on reinsurance arrangements were issued for exposure with July comment deadlines. The pace of adoption of Sarbanes-Oxley-type requirements will be slowed by the decision to adopt all changes as one amendment, including the more controversial rules on reporting on internal control together with the nearly completed rules on audit committees and auditor independence.
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