tailieunhanh - The United States Insurance Financial Solvency Framework

There are several ways policies may cover home health care. Some long- term care insurance policies only pay for care in your home from licensed home health agencies. Some also will pay for care from licensed health care providers not from a licensed agency. These include licensed practical nurses; occupational, speech, or physical therapists; or licensed home health care aides. Other policies may pay for services from home health care aides who may not be licensed or are not from licensed agencies. Home health care aides help with personal care. You may find a policy that pays for homemaker or chore worker services. This type of benefit, though not. | The United States Insurance Financial Solvency Framework 2010 National Association of Insurance Commissioners 1 The United States Insurance Financial Solvency Framework and Core Principles Executive Summary Introduction In June 2008 the NAIC s Solvency Modernization Initiative SMI was announced with one of its objectives being an articulation of the United States Insurance Financial Solvency Framework and its Core Principles. The purpose of this document is to describe the framework for financial solvency insurance regulation in the United States and the core principles underlying it. US Insurance Financial Solvency Framework Ultimate regulatory responsibility for insurer insolvency rests with each state insurance department and the state insurance Commissioner sometimes also known as the Administrator Director or Superintendent of Insurance . State insurance departments are assisted by the NAIC which is a voluntary organization of the Commissioners of the state insurance departments. The NAIC s overriding objective is to assist state insurance regulators by offering financial actuarial legal computer research and economic expertise to state regulators. The starting point or context for the framework is the US Regulatory Mission which is to protect policyholders claimants beneficiaries first and foremost while also facilitating an effective and efficient marketplace for insurance products. The . meets preconditions required for effective regulation. These are primarily designed to ensure that regulators have appropriate regulatory authority over insurers operate independently of insurer and political interference maintain an adequate staff of sufficiently trained personnel and treat confidential information appropriately. The US insurance regulatory system is unique in the world in that 1 it relies on an extensive system of peer review communication and collaborative effort that produce checks and balances in regulatory oversight and 2 it includes a diversity of