Examination Oversight (E) Task Force

2024 Proposed Charges

The mission of the Examination Oversight (E) Task Force is to monitor, develop, and implement tools for the risk-focused surveillance process. For financial examinations and analysis, this includes maintenance of the Financial Condition Examiners Handbook and the Financial Analysis Handbook to provide guidance to examiners and analysts using a risk-focused approach to solvency regulation and to encourage effective communication and coordination between examiners, analysts, and other regulators. In addition, the mission of the Task Force is to monitor and refine regulatory tools of the risk-focused surveillance process, including Financial Analysis Solvency Tools (FAST), such as company profiles and the FAST ratio scoring system; oversee financial examiner and analyst use of electronic software tools; monitor the progress of coordination efforts among the states in conducting examinations and the sharing of information necessary to solvency monitoring; establish procedures for the flow of information between the states about troubled companies; maintain an effective approach to the review of information technology (IT) general controls; and monitor the timeliness of financial examinations.

The Examination Oversight (E) Task Force will:

Accomplish its mission using the following groups:
1. Electronic Workpaper (E) Working Group.
2. Financial Analysis Solvency Tools (E) Working Group.
3. Financial Examiners Coordination (E) Working Group.
4. Financial Examiners Handbook (E) Technical Group.
5. Information Technology (IT) Examination (E) Working Group.

2023 Adopted Charges

The mission of the Examination Oversight (E) Task Force is to monitor, develop, and implement tools for the risk-focused surveillance process. For financial examinations and analysis, this includes maintenance of the Financial Condition Examiners Handbook and the Financial Analysis Handbook to provide guidance to examiners and analysts using a risk-focused approach to solvency regulation and to encourage effective communication and coordination between examiners, analysts, and other regulators. In addition, the mission of the Task Force is to: monitor and refine regulatory tools of the risk-focused surveillance process, including Financial Analysis Solvency Tools (FAST) such as company profiles and the FAST ratio scoring system; oversee financial examiner and analyst use of electronic software tools; monitor the progress of coordination efforts among the states in conducting examinations and the sharing of information necessary to solvency monitoring; establish procedures for the flow of information between the states about troubled companies; maintain an effective approach to the review of information technology (IT) general controls; and monitor the timeliness of financial examinations.

The Examination Oversight (E) Task Force will:

Accomplish its mission using the following groups:
1. Electronic Workpaper (E) Working Group.
2. Financial Analysis Solvency Tools (E) Working Group.
3. Financial Examiners Coordination (E) Working Group.
4. Financial Examiners Handbook (E) Technical Group.
5. Information Technology (IT) Examination (E) Working Group.

Calendar

There are no call materials at this time.

Per Diem Lodging Taxes - Memo (Word)

Solvency Monitoring Contractor Listing
The NAIC’s Contractor Directory Listing, which lists contract firms/individuals that provide solvency monitoring and related services, can be found here. This listing can be used by state regulators to assist in making informed decisions when evaluating and selecting contractors. To be included on the updated listing, please fill out and submit the Contractor Directory Form. Note: links in this listing work best with Internet Explorer.

For questions, please contact NAIC staff at eklebba@naic.org.

Note: The NAIC does not endorse and has not verified any of the credentials or qualifications of the vendors in our contractor listing.

Last Updated: October 2022

Medical Loss Ratio (MLR) Procedures (Updated March 2016)
These procedures were developed through a coordinated effort between the NAIC and HHS for use by states in conducting MLR procedures to meet the federal audit requirement. Use of the procedures is voluntary.

Related NAIC Publications

Committee and Task Force Minutes PDFs will be posted to the Interactive Agenda Approx. 10 days after the conclusion of a National Meeting. They are posted to the interactive agenda for each meeting tab on the meetings page. The Proceedings of the NAIC are made available after the minutes are adopted at each subsequent meeting and may be accessed via the NAIC Publications page.

Compendium of State Laws on Insurance Topics

Financial Analysis Handbook

Financial Condition Examiners Handbook

IRIS Ratio Results and Use

NAIC Model Laws, Regulations, Guidelines and Other Resources