- Financial Condition (E) Committee
- Accounting Practices and Procedures (E) Task Force
- Blanks (E) Working Group
- Statutory Accounting Principles (E) Working Group
- Capital Adequacy (E) Task Force
- Health Risk-Based Capital (E) Working Group
- Investment Risk-Based Capital (E) Working Group (disbanded)
- Life Risk-Based Capital (E) Working Group
- Longevity Risk (E/A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
- Property and Casualty Risk-Based Capital (E) Working Group
- Catastrophe Risk (E) Subgroup
- Examination Oversight (E) Task Force
- Electronic Workpaper (E) Working Group
- Financial Analysis Solvency Tools (E) Working Group
- Financial Examiners Coordination (E) Working Group
- Financial Examiners Handbook (E) Technical Group
- Information Technology (IT) Examination (E) Working Group
- Financial Analysis (E) Working Group
- Financial Stability (E) Task Force
- Liquidity Assessment (E) Subgroup
- Group Capital Calculation (E) Working Group
- Group Solvency Issues (E) Working Group
- Own Risk and Solvency Assessment (ORSA) Implementation (E) Subgroup
- Mortgage Guaranty Insurance (E) Working Group
- Mutual Recognition of Jurisdictions (E) Working Group
- NAIC/American Institute of Certified Public Accountants (AICPA) (E) Working Group
- National Treatment and Coordination (E) Working Group
- Biographical Third-Party Review (E) Subgroup
- Receivership and Insolvency (E) Task Force
- Receivership Financial Analysis (E) Working Group
- Receivership Large Deductible Workers' Compensation (E) Working Group (disbanded)
- Receivership Law (E) Working Group
- Reinsurance (E) Task Force
- Reinsurance Financial Analysis (E) Working Group
- Restructuring Mechanisms (E) Working Group
- Restructuring Mechanisms (E) Subgroup
- Risk-Focused Surveillance (E) Working Group
- Risk Retention Group (E) Task Force
- Valuation Analysis (E) Working Group
- Valuation of Securities (E) Task Force
2021 Adopted Charges
The mission of the Financial Condition (E) Committee is to be the central forum and coordinator of solvency-related considerations of the NAIC relating to accounting practices and procedures; blanks; valuation of securities; financial analysis and solvency; multistate examinations and examiner and analysis training; and issues concerning insurer insolvencies and insolvency guarantees. In addition, the Committee interacts with the technical task forces.
The Financial Condition (E) Committee will:
- Monitor all of the changes to the annual/quarterly financial statement blanks and instructions, risk-based capital (RBC) formulas, Financial Condition Examiners Handbook, Accounting Practices and Procedures Manual (AP&P Manual), Financial Analysis Handbook, Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual), NAIC model laws, NAIC accreditation standards, and other NAIC publications.
- Appoint and oversee the activities of the following: Accounting Practices and Procedures (E) Task Force; Capital Adequacy (E) Task Force; Examination Oversight (E) Task Force; Receivership and Insolvency (E) Task Force; Reinsurance (E) Task Force; Risk Retention Group (E) Task Force; and Valuation of Securities (E) Task Force.
- Oversee a process to address financial issues that may compromise the consistency and uniformity of the U.S. solvency framework, referring valuation and other issues to the appropriate committees as needed.
- Use the Risk-Focused Surveillance (E) Working Group to address specific industry concerns regarding regulatory redundancy, and review any issues industry subsequently escalates to the Committee.
2021 Spring National Meeting
Financial Condition (E) Committee
Tuesday, April 13, 2021
4:30 PM - 5:30 PM CT
Subordinate groups reporting from interim meetings prior to National Meeting:
Accounting Practices and Procedures (E) Task Force | Blanks (E) Working Group | Catastrophe Risk (E) Subgroup | Capital Adequacy (E) Task Force | Examination Oversight (E) Task Force | Financial Analysis (E) Working Group | Financial Examiners Coordination (E) Working Group | Financial Stability (E) Task Force | Group Capital Calculation (E) Working Group | Group Solvency Issues (E) Working Group |Health Risk-Based Capital (E) Working Group | Life Risk-Based Capital (E) Working Group | Property and Casualty Risk-Based Capital (E) Working Group | Receivership and Insolvency (E) Task Force | Receivership Financial Analysis (E) Working Group | Receivership Law (E) Working Group | Reinsurance (E) Task Force | Risk-Focused Surveillance (E) Working Group | Risk Retention Group (E) Task Force | Statutory Accounting Principles (E) Working Group | Valuation Analysis (E) Working Group | Valuation of Securities (E) Task Force
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Dan Daveline
Director, Financial Regulatory Services
816.783.8134
Bruce Jenson, CPA
Assistant Director – Solvency Monitoring
816.783.8348
Julie Gann
Assistant Director - Solvency Policy
816.783.8966
Please see the current Committee List for a complete list of committee members.