What You Need to Know
Ten states have adopted the NAIC’s model update.
Eight states are considering adoption.
David Altmaier, the NAIC s president, said regulatory harmonization is a goal, and effectiveness of regulation is also a goal.
David Altmaier, the president of the National Association of Insurance Commissioners, said the NAIC is pushing hard to speak to federal regulators about annuity sales standards.
Altmaier discussed the NAIC’s annuity suitability model update, which requires annuity issuers and producers to work in the best interest of the customers, Wednesday, during a session at the Insured Retirement Institute’s 20 in 2021 online conference.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2021-1
April 21, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 21, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Octane Receivables Trust 2021-1 (“OCTL 2021-1”), a powersports equipment loan ABS transaction.
OCTL 2021-1 will issue three classes of notes totaling $305.0 million. The transaction is expected to be collateralized by approximately $305.0 million of fixed rate installment loans, made to prime and non-prime borrowers as of the closing date. The preliminary ratings reflect the initial credit enhancement levels ranging from 16.85% for the Class A notes to 1.00% for the Class C notes, which build to 20.85% and 5.00% for the Class A and Class C notes, respectively.
NAIC Report - 2021 Spring National Meeting | Eversheds Sutherland (US) LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to BHG Securitization Trust 2021-A
April 20, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 20, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by BHG Securitization Trust 2021-A (“BHG 2021-A”), an asset-backed securitization collateralized by a pool of small business loans (“Commercial Loans”) and unsecured consumer loans (“Consumer Loans”).
BHG 2021-A will issue three classes of notes totaling approximately $273.9 million. The preliminary ratings reflect initial credit enhancement levels of 22.90% for the Class A Notes, 11.40% for the Class B Notes, and 7.50% for the Class C Notes.
Florida lawmakers are being misled about insurance lawsuits, expert contends insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.