National Underwriter Life & Health-Financial Services Edition, July 20th, 1998
Just when you thought it was safe to go outside without your Codification helmet on, a new round of fighting has begun to prove that the war is not over.
The long ongoing Codification of Statutory Accounting Principles project that has preoccupied the National Association of Insurance Commissioners for years revealed a number of interesting byproducts on its way to adoption this spring.
Chief among these is the chaotic way that the NAIC gets its business done, particularly on major projects like Codification. In many cases it seems like one regulator or a small cadre of regulators decides ...
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