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External Meetings: Call with Mark Sagat, NAIC
  
    



  Mr. Sagat indicated that some States directly provide insurance to their citizens, and thus suggested that the Provider Prong of the Commissions' test to exclude insurance from the swap definition should also include State-run insurance programs (in addition to those run by the United States).  He also mentioned that in some States, the insurance commissioner or department may not be the relevant State authority for the supervision of certain types of insurance, and requested clarification that the Provider Prong of the Commissions' test would cover entities supervised by such State authorities.
      
  When
              10/28/2011

  Rulemaking(s)
              XXI. Joint Rules w/ SEC

  CFTC Staff
              Julian Hammar

  Visitor(s)
              Mark Sagat (NAIC)

  Organization(s)
              National Association of Insurance Commissioners (NAIC)


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