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AN ACT to maintain naic accreditation of the department of insurance by making revisions to the laws governing insurance company holding systems, riskbased capital requirements for life insurers,
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The NAIC adopts changes to improve insurance regulation, enhance consumer protections, and respond to emerging industry trends.
Insurance companies and regulatory agencies are generally required to file NAIC adopted changes.
To fill out the NAIC adopted change, you should follow the specific guidelines and forms provided by the NAIC, ensuring that all required information is accurately completed.
The purpose of NAIC adopts change is to create uniform regulations across states, promote financial stability, and protect policyholders.
Information such as the nature of the change, its impact on operations, and compliance with state laws must be reported.
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