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H.R. 6213, The Reinsurance International Solvency Standards Evaluation Board Act of 2008

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Comparing original version (created by webmaster) with revision saved on September 11, 2008, 10:06:09 (webmaster):

H.R. 6213 would establish the Reinsurance International Solvency Standards Evaluation Board.

== Detailed Summary ==

<summary>
(Log inReinsurance International Solvency Standards Evaluation Board Act of 2008 - Establishes the Reinsurance International Solvency Standards Evaluation Board to editevaluate reinsurance supervisory systems of the wikistates and bejurisdictions outside the firstUnited States to determine, on a uniform basis, whether such systems provide adequate capital and risk management standards and an acceptable level of prudential supervision over their domiciled reinsurers.

Requires the Board to: (1) establish evaluation standards and procedures for requesting an evaluation; and (2) develop uniform standards to improve reinsurance regulation, particularly where
a detailed summarydomestic or international consensus standard or conflict of law has emerged.

Prohibits
the bill!)domiciliary state of a ceding insurer, for the purpose of determining credit for reinsurance for the ceding insurer, from treating a certified reinsurer domiciled and in good standing in any other domestic or foreign jurisdiction differently from reinsurers domiciled and in good standing in such domiciliary state.




</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 6/9/2008: Referred to edit the wiki and be the firstHouse committee. Status: Referred to update the status of the bill!)House Committee on Financial Services.
</status>

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== Points in Favor ==

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== Points Against ==

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abda

September 27, 2008, 12:15pm (report abuse)

svp romprasmo de tht ht6213

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