- 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
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- 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
- Risk-Based Capital Investment Risk and Evaluation (E) Working Group
- 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
- Macroprudential (E) Working Group
- 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
- 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
- Risk-Focused Surveillance (E) Working Group
- Risk Retention Group (E) Task Force
- Valuation Analysis (E) Working Group
- Valuation of Securities (E) Task Force
- 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
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- 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
- Risk-Based Capital Investment Risk and Evaluation (E) Working Group
- 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
- Macroprudential (E) Working Group
- 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
- 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
- Risk-Focused Surveillance (E) Working Group
- Risk Retention Group (E) Task Force
- Valuation Analysis (E) Working Group
- Valuation of Securities (E) Task Force
2024 Proposed Charges
The mission of the Receivership and Insolvency (E) Task Force is to be administrative and substantive on issues concerning insurer insolvencies and insolvency guarantees. Such duties include, without limitation:
1) monitoring the effectiveness and performance of the state administration of receiverships and the state guaranty fund system; 2) coordinating cooperation and communication among state insurance regulators, receivers, and guaranty funds; 3) monitoring ongoing receiverships and reporting on such receiverships to NAIC members; 4) developing and providing educational and training programs in the area of insurer insolvencies and insolvency guarantees to state insurance regulators, professionals, and consumers; 5) developing and monitoring relevant model laws, guidelines, and products; and 6) providing resources for state insurance regulators and professionals to promote efficient operations of receiverships and guaranty funds.
The Receivership and Insolvency (E) Task Force will:
- Monitor and promote efficient operations of insurance receiverships and guaranty associations.
- Monitor and promote state adoption of insurance receivership and guaranty association model acts and regulations, and monitor other legislation related to insurance receiverships and guaranty associations.
- Provide input and comments to the International Association of Insurance Supervisors (IAIS), the Financial Stability Board (FSB), or other related groups on issues regarding international resolution authority.
- Monitor, review, and provide input on federal rulemaking and studies related to insurance receiverships.
- Provide an ongoing review of the Receiver’s Handbook for Insurance Company Insolvencies (Receiver’s Handbook), other related NAIC publications, and the Global Receivership Information Database (GRID), and make any necessary updates.
- Monitor the work of other NAIC committees, task forces, and working groups to identify and address any issues that affect receivership law and/or regulatory guidance.
- Perform additional work as directed by the Financial Condition (E) Committee and/or received through referrals by other groups.
2023 Adopted Charges
The mission of the Receivership and Insolvency (E) Task Force is to be administrative and substantive as it relates to issues concerning insurer insolvencies and insolvency guarantees. Such duties include, without limitation:
1) monitoring the effectiveness and performance of state administration of receiverships and the state guaranty fund system; 2) coordinating cooperation and communication among regulators, receivers, and guaranty funds; 3) monitoring ongoing receiverships and reporting on such receiverships to NAIC members; 4) developing and providing educational and training programs in the area of insurer insolvencies and insolvency guarantees to regulators, professionals, and consumers; 5) developing and monitoring relevant model laws, guidelines, and products; and 6) providing resources for regulators and professionals to promote efficient operations of receiverships and guaranty funds.
The Receivership and Insolvency (E) Task Force will:
- Monitor and promote efficient operations of insurance receiverships and guaranty associations.
- Monitor and promote state adoption of insurance receivership and guaranty association model acts and regulations, and monitor other legislation related to insurance receiverships and guaranty associations.
- Provide input and comments to the International Association of Insurance Supervisors (IAIS), the Financial Stability Board (FSB), or other related groups on issues regarding international resolution authority.
- Monitor, review, and provide input on federal rulemaking and studies related to insurance receiverships.
- Provide ongoing review of the Receiver’s Handbook for Insurance Company Insolvencies (Receiver’s Handbook), other related NAIC publications, and the Global Receivership Information Database (GRID), and make any necessary updates.
- Monitor the work of other NAIC committees, task forces, and working groups to identify and address any issues that affect receivership law and/or regulatory guidance.
- Perform additional work as directed by the Financial Condition (E) Committee and/or received through referral by other groups.
The following groups report to the Receivership and Insolvency Task Force:
- Receivership Financial Analysis Working Group
- Receivership Law (E) Working Group
- Receiver’s Handbook (E) Subgroup
Receivership and Insolvency (E) Task Force
Saturday, December 02, 2023
11:00 AM - 12:00 PM ET
Floridian Ballroom D-F - Level 1 - Bonnet Creek
Uniform Data Standard
- Uniform Data Standard B Record Overview
- Uniform Data Standard D Record Format
- Uniform Data Standard D Record Overview
- Uniform Data Standard Financial Hard Copy Report
Additional Resources for Receivers
- Uniform Data Standard E Record - Receiver to Fund - Closed Claims
- Uniform Data Standard F Record - Receiver to Fund - Claim Notes
- Uniform Data Standard G Record - Receiver to Fund - Claim Payment History
- "M" Record Discussion Document
Receivership Data Privacy and Security
- Receivership Data Privacy and Security Procedures For Life and Health Insurers in Liquidation
- Receivership Data Privacy and Security Procedures For Insurers in Conservation and Rehabilitation
- Data Privacy and Security Policy
- Receivership Data Privacy and Security Procedures For Property and Casualty Insurers in Liquidation
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Jane Koenigsman
Sr. Manager, L/H Financial Analysis
816.783.8145
Please see the current Committee List for a complete list of committee members.