Category: Financial Condition Committee

Written comments on the drafts of a Form F and Own Risk and Solvency Assessment (“ORSA”) comparison chart, and a Form F Implementation Guide are due by the close of business today, January 12, 2018, the National Association of Insurance …

  The National Association of Insurance Commissioners’ Group Solvency Issues Working Group met via conference call on October 28, 2016, during which members discussed a proposed Form F Guidance Manual.   Form F, also known as the Enterprise Risk Report, …

  The National Association of Insurance Commissioners’ (“NAIC”) Financial Condition Committee (“Committee”) is in process of considering and developing contingency regulatory plans ” . . . to continue to protect U. S. consumers and U. S. ceding insurance companies from …

  The National Association of Insurance Commissioners’ National Treatment and Coordination Working Group is accepting written comments on a draft of Form A Review Best Practices until August 19, 2016.   The proposed Best Practices are ultimately intended to be a …

  Given what it noted as a trend in insurers’ increasing use of managing general agents and third-party administrators for outsourcing various business processes, the National Association of Insurance Commissioners’ (“NAIC’s”) Financial Analysis Working Group (“Working Group”) has recommended the modification …

  After rejecting a request to exempt insurers that write less than $500 million in direct written and assumed premiums from having to file an annual corporate governance disclosure, the National Association of Insurance Commissioners (“NAIC”) Corporate Governance Working Group …

  During a July 17, 2013 meeting of the National Association of Insurance Commissioners’ (“NAIC”) Financial Condition Committee, regulators reviewed the draft “White Paper on Captives and Special Purpose Vehicles” and contemplated the creation of a captive transactions review board …

  Drafts of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Holding Company System Model Act (#440) and the Insurance Holding Company System Model Regulation (#450) are being made available for comments from interested parties until July 21, 2010. Recently …

The National Association of Insurance Commissioner’s (“NAIC’s”) Financial Condition Committee (“Committee”) met by teleconference on April 28, 2010, during which it adopted the Committee’s Rating Agency Working Group (“Working Group”) revised final report on risks associated with NAIC reliance on …

The National Association of Insurance Commissioners (“NAIC”) Financial Condition Committee is seeking comments on its U.S. Insurance Financial Solvency Framework by December 17, 2009.  To view the exposure draft dated November 13, 2009, click here. Comments may be sent to …