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Financial Examiners Handbook (E) Technical Group

2020 Proposed Charges

The Financial Examiners Handbook (E) Technical Group will:

  1. Continually review the Financial Condition Examiners Handbook and revise, as appropriate.
  2. Coordinate with the Risk-Focused Surveillance (E) Working Group to monitor the implementation of the risk- assessment process by developing additional guidance and exhibits within the Financial Condition Examiners Handbook, including consideration of potential redundancies affected by the examination process, corporate governance and other guidance as needed to assist examiners in completing financial condition examinations.
  3. Coordinate with the Financial Analysis Handbook (E) Working Group and the Risk-Focused Surveillance (E) Working Group, as appropriate, to develop and maintain guidance in order to provide effective solvency monitoring.
  4. Coordinate with the IT Examination (E) Working Group and the Financial Examiners Coordination (E) Working Group to maintain specialized areas of guidance within the Financial Condition Examiners Handbook related to the charges of these specific working groups.
  5. Adjust the Financial Condition Examiners Handbook based upon any recommendations as requested from the Life Actuarial (A) Task Force to incorporate principle-based reserving (PBR) changes.

2019 Charges

The Financial Examiners Handbook (E) Technical Group will:

  1. Continually review the Financial Condition Examiners Handbook and revise, as appropriate.
  2. Coordinate with the Risk-Focused Surveillance (E) Working Group to monitor the implementation of the risk- assessment process by developing additional guidance and exhibits within the Financial Condition Examiners Handbook, including consideration of potential redundancies affected by the examination process, corporate governance and other guidance as needed to assist examiners in completing financial condition examinations.
  3. Coordinate with the Financial Analysis Handbook (E) Working Group and the Risk-Focused Surveillance (E) Working Group, as appropriate, to develop and maintain guidance in order to provide effective solvency monitoring.
  4. Coordinate with the IT Examination (E) Working Group and the Financial Examiners Coordination (E) Working Group to maintain specialized areas of guidance within the Financial Condition Examiners Handbook related to the charges of these specific working groups.
  5. In compliance with the framework developed by the former PBR Review (EX) Working Group:
    1. Continue to adjust the Financial Condition Examiners Handbook based upon any recommendations as requested from the Life Actuarial (A) Task Force to incorporate principle-based reserving (PBR) changes.
    2. Continue to provide advice to regulators, identifying and judging risk, building repositories, evaluating controls, determining the extent of data quality testing (by actuaries and examiners), identifying frequency of model reviews and documenting best practices. Address all risks, financial and non-financial; e.g., enterprise risk management (ERM), board, corporate governance and the Own Risk and Solvency Assessment (ORSA).

There are no call materials at this time.

Related NAIC Publications

Contacts

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


Bailey Henning
Examination Coordinator
816-783-8129

Jacob Steilen
Financial Examination and Accreditation Specialist
816-783-8421

Miguel Romero, CPA
Exam Manager
816-783-8479

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

 

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