US Supervision of Insurers

Supervision: Entity Level

State regulators’ legal authority and responsibility exist

at the individual entity level

Direct responsibility for the state’s consumers/citizens

Perform domiciliary entity (& holding company system as needed)

analysis quarterly; conduct exams a minimum of once every 5 years

Supervision: Holding Company System

Requires coordinated oversight with:

Other US state insurance regulators

Other US state and federal regulators

- Banking, Thrift, SEC, USDA, FEMA, FBIIC

Non-US insurance regulators

Transition from 1st Point (Entity Level Supervision) to 2nd Point (Holding Co. System):
However, since entities frequently become members of a holding company system, state insurance regulators must look beyond the entity level in performing their due diligence review of the domiciliary legal entity.

(FBIIC = Financial and Banking Information Infrastructure Committee, a group under the President’s Working Group on Financial Markets)