Peer Review

jasonchwjasonchw
in Vaughan.Crisis

Wiki article says peer review groups FAD & FAWG analyze nationally significant insurers but it also mentions not the same as regulatory duplication by state regulators. It appears to me that the FAD just carries out separate review again which is to me a duplication of work. How is it different?
In my understanding, a peer review should be the FAD reviews what state regulators have done.

Comments

  • Staff - ACStaff - AC

    "Duplication" specifically refers to multiple states, which have authority over a multi-state insurer, carrying out independent reviews of that insurer. FAD and FAWG are NAIC's groups, so they don't belong in this definition of duplication.

  • jasonchwjasonchw
    edited April 14

    I just found that 2014.F.3c treats FAD and FAWG as examples of duplication of efforts.

  • Staff - ACStaff - AC

    That must be in error.

Sign In or Register to comment.