INSURANCE
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From Times Staff and Wire Reports
New Capital Standards For Insurers Approved: At a Sunday meeting of the National Assn. of Insurance Commissioners in Atlanta, regulators approved details of a plan that has been in the works for two years and covers the life and health insurance industry. The system sets “risk-based capital requirements” that force insurers to maintain an adequate cushion against a wide range of financial risks. It also gives regulators greater authority to intervene.
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