October 24, 2007 at 09:28 PM
The Nebraska Department of Insurance has set up an information-sharing agreement with the Bundesanstalt fur Finanzdienstleistungsaufsicht, the German insurance regulatory agency.
The agreement will enable the Nebraska department German agency, known as “BaFin,” to exchange information on a confidential basis.
The agreement is the second of its kind that BaFin has entered into with a U.S. state insurance department, according to the Nebraska department.
The Nebraska department expects the agreement to be a model for international financial solvency regulatory cooperation between states and European Union insurance regulators, the department says.
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