FIC: Credit For Reinsurance Bill Closer To Passage
By: Katrina Callaway, FIC General Counsel The OIR backed credit for reinsurance bill that incorporates substantive provisions from the 2017 Covered Agreement between the U.S. and the European Union (EU) passed its last Senate committee on March 2, 2020. It was not amended. The House bill (HB 1211) already passed that chamber and was…