NAIC Spring 2012 National Meeting Summaries

Mar 27, 2012

The National Association of Insurance Commissioners (“NAIC”) recently held its Spring 2012 National Meeting in New Orleans, Louisiana.

On the final day of the event, which took place from March 3 through March 6, the NAIC’s Executive Committee and Plenary took the following actions, among others:

  • Adopted the Health Carrier Grievance Procedure Model Act (#72)
  • Adopted the Utilization Review and Benefit Determination Model Act (#73)
  • Adopted the Consumer Alert: Limited Medical Benefit Insurance Plans/Mini-Med Plans 
  • Adopted the NAIC Own Risk and Solvency Assessment (ORSA) Guidance Manual
  • Adopted the Accreditation Standards in the 2008 revisions of the Model Regulation to Define Standards and Commissioner’s Authority for Companies Deemed to be in Hazardous Financial Condition (#385) 
  • Adopted revisions to the Capital and Surplus Part A Standard Applicable to Risk Retention Groups 
  • Received an update on the states’ adoption of NAIC model laws and regulations.

To access additional information about the event, including the meeting agendas, final registration list and other materials, click here.  A matrix of meeting summaries is below via hyperlinks where noted in bold type.

 

Committees, Task Forces and Working Groups
Summary Date Posted
Joint Executive/Plenary 3/7/12
Executive (EX) Committee 3/5/12
Government Relations (EX) Leadership Council
3/5/12
International Insurance Relations (EX) Leadership Group
Not Scheduled to Meet
Producer Licensing (EX) Task Force
3/6/12
Producer Licensing Working Group
3/4/12
Speed to Market (EX) Task Force
3/5/12
National Standards Working Group
Not Scheduled to Meet
Operational Efficiencies Working Group
Not Scheduled to Meet
Internal Administration (EX1) Subcommittee & Executive (EX) Committee –  Joint Meeting
3/7/12
  Information Systems (EX1) Task Force 3/4/12
Technical Consulting Working Group
Not Scheduled to Meet
Life Insurance and Annuities (A) Committee 3/5/12
Annuity Disclosure Working Group
Not Scheduled to Meet
Contingent Deferred Annuity Subgroup
3/5/12
Joint Working Group of the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee
3/4/12
Viatical Settlements Working Group
3/3/12
Life Actuarial (A) Task Force
3/3/12
Health Insurance and Managed Care (B) Committee 3/5/12
Consumer Information Subgroup
Not Scheduled to Meet
Exchanges Subgroup
3/3/12
Health Actuarial (B) Task Force
3/5/12
Health Care Reform Actuarial Working Group
Not Scheduled to Meet
Long-Term Care Actuarial Working Group
Not Scheduled to Meet
Limited Medical Benefit Plan (B/D) Working Group
Joint Working Group Between (B) and (D) Committees
3/3/12
Regulatory Framework (B) Task Force
3/3/12
ERISA Working Group
3/3/12
Senior Issues (B) Task Force
3/4/12
Medigap PPACA Subgroup
3/8/12
Property and Casualty Insurance (C) Committee 3/6/12
Advisory Organization and Examination Oversight Working Group
3/4/12
Catastrophe Insurance Working Group
3/4/12
Crop Insurance Working Group
3/4/12
Earthquake Study Group
Not Scheduled to Meet
Risk Retention Working Group
3/5/12
Transparency and Readability of Consumer Information (C) Working Group
3/4/12
Casualty Actuarial and Statistical (C) Task Force
3/3/12
Profitability Working Group
3/2/12
Surplus Lines (C) Task Force
3/5/12
IID Plan of Operation Review Group
Not Scheduled to Meet
Title Insurance (C) Task Force
3/5/12
Title Annual Statement Instructions Working Group
Not Scheduled to Meet
Title Insurance Financial Reporting Working Group
3/3/12
Title Insurance Guaranty Fund Working Group
3/3/12
Title Insurance Market Conduct and Mortgage Fraud Working Group
3/4/12
Title Statistical Plan Working Group
Not Scheduled to Meet
Workers’ Compensation (C) Task Force
3/4/12
NAIC/IAIABC
Joint Working Group
3/4/12
Market Regulation and Consumer Affairs (D) Committee 3/6/12
Consumer Connections Working Group
Not Scheduled to Meet
Consumer Disclosures Working Group
3/4/12
Market Actions Working Group
3/7/12
Market Conduct Examination Standards Working Group
3/7/12
Antifraud (D) Task Force
3/5/12
Market Information Systems (D) Task Force
3/4/12
Market Analysis Procedures Working Group
3/5/12
Professional Health Insurance Advisors (D) Task Force
Not Scheduled to Meet
Financial Condition (E) Committee 3/5/12
Captive and Special Purpose Vehicle Use Subgroup
3/4/12
Health Reform Solvency Impact Subgroup
Not Scheduled to Meet
Investments of Insurers Model Act Revisions Working Group
Not Scheduled to Meet
NAIC/AICPA Working Group
Not Scheduled to Meet
National Treatment and Coordination Working Group
Not Scheduled to Meet
Biographical Third-Party Review Subgroup
Not Scheduled to Meet
Issues Subgroup
Not Scheduled to Meet
Own Risk and Solvency Assessment (ORSA) Subgroup
3/5/12
Risk-Focused Surveillance (E) Working Group
Not Scheduled to Meet
Separate Accounting Risk Charge Working Group
Not Scheduled to Meet
Surplus Lines Financial Analysis Working Group
Not Scheduled to Meet
Accounting Practices and Procedures (E) Task Force
3/5/12
Blanks Working Group
3/4/11
Emerging Accounting Issues Working Group
3/3/12
Property and Casualty Reinsurance Study Group
Not Scheduled to Meet
Statutory Accounting Principles Working Group
3/4/12
AIG Managing (E) Task Force
Not Scheduled to Meet
Capital Adequacy (E) Task Force
3/5/12
Catastrophe Risk (E) Subgroup
3/5/12
Health Risk-Based Capital Working Group
Not Scheduled to Meet
Life Risk-Based Capital Working Group
3/5/12
Property and Casualty Risk-Based Capital Working Group
Not Scheduled to Meet
Solvency Modernization Initiative RBC Subgroup
Not Scheduled to Meet
C-1 Factor Review Subgroup
3/8/12
Examination Oversight (E) Task Force
3/4/12
Analyst Team System Oversight Working Group
Not Scheduled to Meet
Climate Change and Global Warming Working Group
3/6/12
Impact of Climate Change (E) Exam Subgroup
3/6/12
Impact of Climate Change Survey (E) Subgroup
3/6/12
Financial Analysis Handbook Working Group
Not Scheduled to Meet
Financial Analysis Research and Development Working Group
Not Scheduled to Meet
Financial Examiners Coordination Working Group
3/5/12
Financial Examiners Handbook Technical Group
Not Scheduled to Meet
IT Examination Working Group
Not Scheduled to Meet
Financial Analysis Working Group
3/5/12
Receivership and Insolvency (E) Task Force
3/4/12
Dodd-Frank Receivership Implementation Working Group
Not Scheduled to Meet
Receivership Financial Analysis Working Group
3/4/12
Receivership Separate Accounts Working Group
3/4/12
Receivership Technology and Administration Working Group
Not Scheduled to Meet
Reinsurance (E) Task Force
3/5/12
Risk Retention Group (E) Task Force
3/3/12
Solvency Modernization Initiative (E) Task Force
3/5/12
Corporate Governance Working Group
3/5/12
Group Solvency Issues Working Group
3/4/12
International Solvency and Accounting Standards Working Group
3/4/12
Principles-Based Reserving Working Group
3/3/12
Valuation of Securities (E) Task Force
3/7/12
Invested Assets Working Group
3/5/12
Financial Regulation Standards and Accreditation (F) Committee 3/4/12
International Insurance Relations (G) Committee 3/4/12
International Regulatory Cooperation (G) Working Group
3/6/12
NAIC/Consumer Liaison Committee
3/4/12
NAIC/Industry Liaison Committee
3/7/12
NAIC/State Government Liaison Committee
3/3/12
SERFF Board
3/4/12
 
 

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

Click here to follow Colodny Fass on Twitter (@CFTLAWcom)

 

 

To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com.

 

News Library

RSS Subscribe

Get Our Latest News In Your Email