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Life Health > Life Insurance

NAIC Sets Agenda

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The Financial Regulation Standards and Accreditation Committee expects to hold four votes at the summer meeting of the National Association of Insurance Commissioners.

The committee has scheduled votes on 2006 revisions to the Risk-Based Capital for Insurers Model Act, the Insurer Receivership Model Act, the 2006 revisions to the Annual Financial Reporting Model Regulation, and proposed company licensing accreditation standards, according to a meeting agenda posted on the Web by the NAIC, Kansas City, Mo.

Meeting sessions are set to start June 11 in Minneapolis and end June 16.

In addition to the Financial Regulation panel votes, the agenda includes a Financial Condition Committee subgroup session on the restructuring mechanism for troubled companies.

The Capital Adequacy Task Force will talk about a derivatives risk mitigation proposal suggested by the American Council of Life Insurers, Washington.

The Life and Health Actuarial Task Force will consider several topics relating to efforts to shift to a new, principles-based approach to establishing and assessing insurance reserves.

LHATF agenda items include principles-based reserving experience reporting; PBR life considerations; PBR reinsurance considerations; and PBR reporting and review considerations.

A copy of the NAIC’s summer meeting agenda is available here.


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