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American Conference Institutes 9th International Advanced Forum on AND RUNOFF COMMUTATIONS April 23 24, 2014 The Carlton Hotel on Madison Avenue New York, NY Distinguished Coheres: Network with industry
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Run-off commutations - AIRROC stands for Run-off Commutations - Association of Insurance and Reinsurance Run-off Companies. It is a process where insurance or reinsurance companies transfer their liabilities from older, closed books of business to other parties.
Insurance and reinsurance companies with run-off portfolios are required to file run-off commutations with AIRROC.
Run-off commutations - AIRROC can be filled out by providing detailed information about the run-off portfolio, liabilities, and other relevant data to the specified guidelines set by AIRROC.
The purpose of run-off commutations - AIRROC is to facilitate the transfer of run-off liabilities between insurance and reinsurance companies to manage their risk exposure effectively.
Information such as policy details, claims history, financial data related to the run-off portfolio, and other relevant information must be reported on run-off commutations - AIRROC.
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