Risk Retention Group (E) Task Force

2023 Adopted Charges

The mission of the Risk Retention Group (E) Task Force is to stay apprised of the work of other NAIC groups as it relates to financial solvency regulation and the NAIC Financial Regulation Standards and Accreditation Program. The Task Force may make referrals to the Financial Regulation Standards and Accreditation (F) Committee and/or other NAIC groups, as deemed appropriate.

The Risk Retention Group (E) Task Force will:

Monitor and evaluate the work of other NAIC committees, task forces, and working groups related to risk retention groups (RRGs). Specifically, if any of these actions affect the NAIC Financial Regulation and Accreditation Standards Program, assess whether and/or how the changes should apply to RRGs and their affiliates.
Monitor and analyze federal actions, including any U.S. Government Accountability Office (GAO) reports. Consider any action necessary as a result of federal activity.
Monitor the impacts of recent tools and resources made available to domiciliary and non-domiciliary state insurance regulators pertaining to RRGs. Consider whether additional action is necessary, including educational opportunities, updating resources and further clarifications.

Calendar

There are no call materials at this time.

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.

NAIC Model Laws, Regulations, Guidelines and Other Resources

Risk Retention and Purchasing Group Handbook

Appendix C – RRG State Insurance Department Contacts