WASHINGTON (March 9, 2022)
º£½ÇÂÛ̳ Shares Letters with Congress Regarding S&P Global’s Proposed Capital Model
The º£½ÇÂÛ̳ on behalf of the chief insurance regulators in the 50 states, the District of Columbia, and the U.S. Territories shares letters detailing their perspective on S&P Global’s (S&P) proposal to revise its methodology for assessing insurers’ financial strength, Insurer Risk-Based Capital Adequacy – Methodology and Assumptions.
About the º£½ÇÂÛ̳
As part of our state-based system of insurance regulation in the United States, the º£½ÇÂÛ̳ (º£½ÇÂÛ̳) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the º£½ÇÂÛ̳, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. º£½ÇÂÛ̳ staff supports these efforts and represents the collective views of state regulators domestically and internationally.