Pt. 37Covered Agreement • October 30th, 2014
Federal Deposit Insurance Corporation § 346.11Covered Agreement • November 17th, 2021
is a party to a covered agreement that is unenforceable by a NGEP by oper- ation of section 48 of the Federal De- posit Insurance Act (12 U.S.C. 1831y) in identifying a successor to assume the NGEP’s responsibilities under the agreement.
ContractCovered Agreement • November 14th, 2022
Pt. 37Covered Agreement • October 30th, 2014
ContractCovered Agreement • August 10th, 2021
Bilateral Agreement between the European Union and the United States of America On Prudential Measures Regarding Insurance and ReinsuranceCovered Agreement • August 3rd, 2020
The United States has negotiated a covered agreement with the European Union (EU), hereunder referred to as the Covered Agreement. The Covered Agreement affirms the U.S. system of insurance supervision, protects insurance consumers, and provides meaningful benefits for U.S. insurers and reinsurers.
Federal Reserve System § 207.2Covered Agreement • December 12th, 2014
ContractCovered Agreement • April 10th, 2012
ContractCovered Agreement • May 3rd, 2024
the OCC, the agreement shall there- after be unenforceable by that NGEP by operation of section 48 of the Fed- eral Deposit Insurance Act (12 U.S.C. 1831y).
ContractCovered Agreement • September 28th, 2017
On Friday, September 22, 2017 the United States and the European Union signed a bilateral agreement on certain prudential measures regarding insurance and reinsurance (the “Covered Agreement” or “Agreement”).1 Execution had been pending since both parties announced their intention to sign on July 14, 2017. Negotiation of the Agreement had been finalized six months earlier, on January 13, 2017.
Pt. 37Covered Agreement • August 21st, 2014
ContractCovered Agreement • August 12th, 2021
WASHINGTON – The U.S. Department of the Treasury (Treasury) and the Office of the U.S. Trade Representative (USTR) today signed a covered agreement (the Agreement) on prudential insurance and reinsurance measures with the European Union (EU). Treasury...Covered Agreement • March 19th, 2020
The Agreement addresses three areas of prudential insurance supervision: group supervision, reinsurance, and exchange of information between supervisory authorities. The Agreement affirms the U.S. system of insurance regulation, including the role of state insurance regulators as the primary supervisors of the business of insurance in the United States.
ContractCovered Agreement • September 3rd, 2014
Federal Deposit Insurance Corporation § 346.6Covered Agreement • October 30th, 2014
agreement, without regard to whether the other parties to the contracts are the same or whether each such con- tract is in fulfillment of the CRA, if the contracts were negotiated in a co- ordinated fashion and a NGEP is a party to each contract.
EU and U.S. Sign Covered AgreementCovered Agreement • September 29th, 2017
On September 22, 2017 the European Union (the “EU”) and the United States signed the covered agreement on Prudential Measures Regarding Insurance and Reinsurance (the “Agreement”).
ContractCovered Agreement • May 3rd, 2024
Covered Agreement Dangling by Uncertainty and PoliticsCovered Agreement • September 7th, 2017
On January 13, 2017, the United States and the European Union (EU) concluded negotiations on the first insurance covered agreement after this novel multilateral international agreement, envisioned and promoted by the National Association of Insurance Commissioners (“NAIC”) and the
The Future of the US–EU Covered Agreement: How to Drag an Absurdly Federalist Regulatory System into the Global Reinsurance MarketplaceCovered Agreement • February 4th, 2019
The US–EU Covered Agreement (“Covered Agreement”) is a bilateral agreement between the United States (“US”) and the European Union (“EU”) that puts in place regulations that will govern the insurance and reinsurance industries in those regions.1 This agreement represents an early step towards what will likely become a more standardized and integrated approach to international regulation of insurance markets. This note will give the context and background necessary to understand the Covered Agreement, explain the main provisions of the Covered Agreement, analyze criticisms and next steps, and advocate for a specific implementation of the Covered Agreement.
Federal Deposit Insurance Corporation § 346.11Covered Agreement • November 17th, 2021
is a party to a covered agreement that is unenforceable by a NGEP by oper- ation of section 48 of the Federal De- posit Insurance Act (12 U.S.C. 1831y) in identifying a successor to assume the NGEP’s responsibilities under the agreement.
EU/U.S. Covered Agreement: What’s Next? IntroductionCovered Agreement • February 3rd, 2017
On January 13, 2017, representatives of the European Union and the United States of America issued a joint statement announcing that they had successfully concluded negotiation of an agreement (the “Agreement” or “Covered Agreement”) that both parties contend “will ensure ongoing robust insurance consumer protection and provide enhanced regulatory certainty for insurers and reinsurers operating in both the U.S. and the EU.”1 According to the joint statement, the Agreement constitutes a “covered agreement” within the meaning of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) in the U.S. and an “agreement” under Article 218 of the Treaty on the Functioning of the European Union in the EU.2
