NAIC Other Communication

Communication with Other US Regulators:

- Miscellaneous calls and meetings

- NAIC-hosted quarterly conference calls with federal
banking & thrift regulators

Communication with Non-US Ins. Regulators:

- Individual state Memoranda of Understanding

- NAIC Multilateral Memoranda of Understanding

- Ad hoc discussions, e.g., FAWG chair discussion
with EU regulator regarding mortgage guaranty ins.

Much of the concern with sharing information is confidentiality. Having these types of Memoranda agreements helps to relieve some of those concerns and allow more sharing of confidential information.

The NAIC developed a model MOU on information sharing with the EU. To date, agreements based on this Model MOU have been signed between Nebraska-Germany (BaFIN), California-Germany (BaFIN), Iowa-Netherlands; agreements have also been signed between Delaware-UK (FSA) and Delaware-Ireland. Several other states have draft agreements with EU jurisdictions.