- 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
- 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 (disbanded)
- Receivership and Insolvency (E) Task Force
- Receiver’s Handbook (E) Subgroup
- Receivership Financial Analysis (E) Working Group
- Receivership Law (E) Working Group
- Reinsurance (E) Task Force
- Reinsurance Financial Analysis (E) Working Group
- Restructuring Mechanisms (E) Working Group
- Long-Term Care Insurance Restructuring (E) Subgroup
- 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 Mutual Recognition of Jurisdictions (E) Working Group will:
- Develop a process for evaluating jurisdictions that meets the NAIC requirements for recognizing and accepting the NAIC Group Capital Calculation (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.
There are no call materials at this time.
Process for Evaluating Qualified and Reciprocal Jurisdictions
On December 10, 2019, the NAIC Executive (EX) Committee and Plenary adopted revisions to the Process for Evaluating Qualified and Reciprocal Jurisdictions to incorporate the 2019 revisions to Model #785 and Model #786. These revisions serve to reduce reinsurance collateral requirements for certified reinsurers that are licensed and domiciled in Qualified Jurisdictions.
NAIC List of Reciprocal Jurisdictions
Summary of Findings and Determination for Reciprocal Jurisdictions
- Bermuda: Bermuda Monetary Authority (BMA)
- Japan: Financial Services Agency (FSA)
- Switzerland: Financial Market Supervisory Authority (FINMA)
NAIC List of Qualified Jurisdictions
Summary of Findings and Determination for Reciprocal Jurisdictions
- Bermuda: Bermuda Monetary Authority (BMA)
- France: Autorité de Contrôle Prudentiel et de Résolution (ACPR)
- Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Ireland: Central Bank of Ireland
- Japan: Financial Services Agency (FSA)
- Switzerland: Financial Market Supervisory Authority (FINMA)
- United Kingdom: Prudential Regulation Authority of the Bank of England
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Dan Schelp
Chief Counsel, Regulatory Affairs
816.783.8027
Jake Stultz
Senior Accounting and 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.