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Receivership and Insolvency (E) Task Force

The mission of the Receivership and Insolvency (E) Task Force shall be administrative and substantive as it relates to issues concerning insurer insolvencies and insolvency guarantees. Such duties include, without limitation, monitoring the effectiveness and performance of state administration of receiverships and the state guaranty fund system; coordinating cooperation and communication among regulators, receivers and guaranty funds; monitoring ongoing receiverships and reporting on such receiverships to NAIC members; developing and providing educational and training programs in the area of insurer insolvencies and insolvency guarantees to regulators, professionals and consumers; developing and monitoring relevant model laws, guidelines and products; and providing resources for regulators and professionals to promote efficient operations of receiverships and guaranty funds.

Proposed 2020 Charges

The Receivership and Insolvency (E) Task Force will:

  1. Monitor and promote efficient operations of insurance receiverships and guaranty associations .
  2. 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.
  3. 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.
  4. Monitor, review and provide input on federal rulemaking and studies related to insurance receiverships.
  5. 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.
  6. 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.
  7. Perform additional work as directed by the Financial Condition (E) Committee and/or received through referral by other groups.

2019 Charges

The Receivership and Insolvency (E) Task Force will:

  1. Monitor and promote efficient operations of receiverships and guaranty funds.
  2. Monitor and promote state adoption of receivership related model acts and regulations.
  3. 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.
  4. Monitor, review and provide input on federal rulemaking and studies related to insurance receivership.
  5. Provide ongoing maintenance and enhancements to the Receiver's Handbook for Insurance Company Insolvencies, other related NAIC publications and the Global Receivership Information Database (GRID).
  6. 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.
  7. Perform additional work as directed by the Financial Condition (E) Committee and/or received through referral by other groups.
  8. Monitor Federal Home Loan Bank (FHLB) legislation pending in and enacted by the states, and the impact on insurance companies in those states.

The following groups report to the Receivership and Insolvency Task Force:

Receivership and Insolvency (E) Task Force

2019 Summer National Meeting
New York
Receivership and Insolvency (E) Task Force
Sunday, August 04, 2019
11:00 AM - 12:00 PM ET

Trianon Ballroom - 3rd Level

RECEIVER TOOLS
Related NAIC Publications

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.

 

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