U.S. insurers that are part of an internationally active group may be subject to supervisory colleges involving regulators from foreign countries, according to a new comments today from Michael Nelson, the chairman of law firm Nelson Levine de Luca & Hamilton, which represents insurers and reinsurers in regulatory matters as well as in complex litigation in multiple jurisdictions throughout the country.
Nelson released a primer this morning in anticipation of the Federal Advisory Committee on Insurance’s upcoming meeting, next Monday, August 6. The comments outline the latest developments in international regulation and the Federal Insurance Office’s recent activity.
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