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Restructuring Mechanisms (E) Working Group

2020 Membership

2020 Charges

The Restructuring Mechanisms (E) Working Group will:

  1. Evaluate and prepare a White Paper that:
    1. Addresses the perceived need for restructuring statutes and the issues those statutes are designed to remedy. Also, consider alternatives that insurers are currently employing to achieve similar results.
    2. Summarizes the existing state restructuring statutes.
    3. Addresses the legal issues posed by an Order of a Court (or approval by an Insurance Department) in one state affecting the policyholders of other states.
    4. Considers the impact that a restructuring might have on Guaranty Associations and policyholders that had Guaranty Fund protection prior to the restructuring. Complete by the 2020 Summer National Meeting.
  2. Identifies and addresses the legal issues associated with restructuring using a protected cell. Complete by the 2020 Summer National Meeting.
  3. Consider requesting approval from the Executive (EX) Committee on developing changes to specific NAIC models as a result of findings from the development of the White Paper. Complete by the 2020 Fall National Meeting.
Calendar
CANCELLED: Restructuring Mechanisms (E) Working Group

2020 Summer National Meeting
CANCELLED: Restructuring Mechanisms (E) Working Group
Monday, August 03, 2020
10:00 AM - 11:00 AM CT

Related NAIC Publications

Draft meeting minutes are available free for meeting attendees 10 business days after a national meeting concludes, using the User ID and Password supplied by the NAIC. Regulators may access minutes via StateNet.
Final committee minutes and Proceedings of the NAIC are available to non–attendees, after adoption at the next national meeting, for free in the PDF format through the NAIC Products & Services website.

Contacts

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

Dan Daveline 
Director, Financial Regulatory Services 
816.783.8134 

Casey McGraw 
Legal Counsel 
816.783.8048 

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