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Examination Oversight (E) Task Force

2020 Membership

2021 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:

  1. 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. IT Examination (E) Working Group.

2020 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:

  1. 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. IT Examination (E) Working Group.

There are no call materials at this time.

Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Bailey Henning
Financial Examination Manager
Phone: 816-783-8129

Please see the current Committee List for a complete list of committee members.