NAIC recognises Bermuda, Japan and Switzerland as reciprocal jurisdictions

The US National Association of Insurance Commissioners (NAIC) has approved three international regulatory authorities as reciprocal jurisdictions. The Bermuda Monetary Authority, Japanese Financial Services Agency and Swiss Financial Market Supervisory Authority will be placed on the NAIC’s ‘List of Reciprocal Jurisdictions’, effective 1 January 2020. The moves were made as part of the NAIC’s ‘Process for Evaluating Qualified and Reciprocal…

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