On February 25, 2016, the Nebraska Department of Insurance issued a notice to all insurers that amendments to Chapter 65, “Credit for Reinsurance”, of the Insurance Department Rules, have been filed with the Secretary of State for adoption. The amendments are to implement the recent statutory changes to sections pertaining to credit for reinsurance that were enacted in the 2015 Legislative Session and to reflect the changes made by the NAIC to the Credit for Reinsurance Model Act. A copy of the revised Chapter 65 is attached hereto, which shows in redline form the changes to it.
This post written by Jeanne Kohler.
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