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NAIC Announces SVO Restructuring

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The National Association of Insurance Commissioners, Kansas City, Mo., recently announced changes to the Securities Valuation Office.

Among the changes to the unit, based in New York, is the establishment of an investment research unit to coordinate projects requested by state insurance regulators. Those projects, according to the NAIC, will help regulators look at trends that could flag financial risks for insurance companies.

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The NAIC also said that the SVO will relocate its offices to 48 Wall Street by July 23.

Reproduced from National Underwriter Edition, April 23, 2004. Copyright 2004 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.