Japan: GIAJ voices concerns over NAIC's proposed process document
Source: Asia Insurance Review | Mar 2013
The General Insurance Association of Japan (GIAJ) has commented in response to the process document proposed by the Reinsurance Task Force set up by the National Association of Insurance Commissionera (NAIC), stating that it is "unreasonable to apply a duplicative, complex and burdensome evaluation process to both 'Certified Reinsurers' and 'Qualified Jurisdictions'" and that applying such a process "constitutes double jeopardy".
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