Mutual Recognition of Jurisdictions (E) Working Group

2023 Proposed Charges

The Mutual Recognition of Jurisdictions (E) Working Group will:

Oversee the process for evaluating jurisdictions, and maintain a listing of jurisdictions that meet the NAIC requirements for recognizing and accepting the NAIC GCC.
Maintain the NAIC List of Qualified Jurisdictions and the NAIC List of Reciprocal Jurisdictions in accordance with the Process for Evaluating Qualified and Reciprocal Jurisdictions.

2022 Adopted Charges

The Mutual Recognition of Jurisdictions (E) Working Group will:

Oversee the process for evaluating jurisdictions and maintain a listing of jurisdictions that meets the NAIC requirements for recognizing and accepting the NAIC GCC.
Maintain the NAIC List of Qualified Jurisdictions and the NAIC List of Reciprocal Jurisdictions in accordance with the Process for Evaluating Qualified and Reciprocal Jurisdictions.

Calendar

There are no call materials at this time.

See all Current Exposure Drafts

At the May 19 regulator-only meeting of the Mutual Recognition of Jurisdictions (E) Working Group, the Working Group directed NAIC staff to expose the draft NAIC List of Jurisdictions that Recognize and Accept the Group Capital Calculation, for a 30-day public comment period, ending on Monday, June 20, 2022.

NAIC List of Jurisdictions that Recognize and Accept the Group Capital Calculation

With this exposure, the Working Group is asking for comments on the form and content of the list as it is drafted and comments on if there are any listed jurisdictions that require a group capital filing for any U.S. based insurance group’s operations in that jurisdiction.

Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation

On December 16, 2021, the NAIC Executive (EX) Committee and Plenary adopted the Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation.

Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation

Process for Evaluating Qualified and Reciprocal Jurisdictions

On August 17, 2021, the NAIC Executive (EX) Committee and Plenary adopted revisions to the Process for Evaluating Qualified and Reciprocal Jurisdictions to incorporate provisions for terminating the status of a qualified jurisdiction or reciprocal jurisdiction and create a passporting process for reciprocal jurisdictions.

Process for Evaluating Qualified and Reciprocal Jurisdictions

ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers

On December 16, 2021, the NAIC Executive (EX) Committee and Plenary adopted the ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers to clarify the passporting processes for both certified reinsurers and reciprocal jurisdiction reinsurers.

ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers

NAIC List of Reciprocal Jurisdictions

NAIC List of Reciprocal Jurisdictions

Summary of Findings and Determination for Reciprocal Jurisdictions

NAIC List of Qualified Jurisdictions

NAIC List of Qualified Jurisdictions

Summary of Findings and Determination for Qualified Jurisdictions

Implementation of 2020 Revisions to Model #440 and #450 (Group Capital Calculation and Liquidity Stress Test)

State Adoption Maps

Related NAIC Publications

Minutes for recent national meetings are available for meeting attendees via an event app within 10 days after a meeting concludes. On the NAIC.org website, free access to meeting minutes is available 30 days after a meeting concludes. 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.

Contacts

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

Dan Schelp
Chief Counsel, Regulatory Affairs
816.783.8027

Jake Stultz
Manager II – Accounting Policy | Reinsurance Policy Advisor
816.783.8481

Olivea Myers
Legal Counsel
816.783.8028

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

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