Earlier this year CHIRblog reported on a final rule governing how and when the SBC must be provided, noting that the tri-agencies put off for another year changes to the SBC format and content template. The agencies invited the NAIC to provide recommendations on changes to the template, similar to the work they did for the first edition of the SBC. After months of twice-weekly calls to update the template, the NAIC submitted those recommendations to the tri-agencies earlier this month.
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