A “covered agreement” is an international agreement that relates to the recognition of prudential measures with respect to the business of insurance or reinsurance that achieves a level of protection for insurance or reinsurance consumers that is substantially equivalent to the level of protection achieved under state insurance or reinsurance regulation. Title V of the Dodd-Frank Act authorizes the Office of the United States Trade Representative (USTR) and the Secretary of the Treasury to jointly negotiate a covered agreement on behalf of the United States with one or more foreign governments, authorities, or regulatory entities.
Statement of the United States on the Covered Agreement with the European Union
United States-EU Covered Agreement
Statement of the United States on the Covered Agreement with the United Kingdom
