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Home » Store » Taxable » State Insurance Regulators to Invite HUD to Consider Possible Joint Actions on Illicit Captive Reinsurance

State Insurance Regulators to Invite HUD to Consider Possible Joint Actions on Illicit Captive Reinsurance

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The National Association of Insurance Commissioners is planning to meet with federal housing regulators in Salt Lake City next month to discuss growing state regulatory concerns over captive reinsurance and other affiliated business arrangements within the mortgage, title and real estate industries. NAIC officials are now looking closely at such relationships for possible violation of state affiliated-business laws and the anti-kickback provisions of the federal Real Estate Settlement Procedures Act, following recent regulatory actions against…
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