• National Association of Insurance Commissioners Private Equity Issues Working Group: NAIC Working Group Adopts Guidance for State Insurance Regulators in Considering Change of Control Approval Filings
  • April 24, 2015 | Authors: Cheryl A. Bunevich; Robert G. DeLaMater; Robert M. Fettman; C. Andrew Gerlach; Stephen M. Kotran
  • Law Firm: Sullivan & Cromwell LLP - New York Office
  • On March 29, 2015, the National Association of Insurance Commissioners (the “NAIC”) Private Equity Issues Working Group (the “PEI Working Group”) adopted a new section to be added to the NAIC’s Financial Analysis Handbook that provides a narrative guidance to state insurance regulators considering an application seeking approval to acquire control of a domestic insurance company (the “Guidance”).