Compiling...

NAIC EXPOSURE DOCUMENT INDEX

The following is a list of documents exposed by various work groups of the NAIC to the public. For additional information regarding these and other documents, their comment periods and pending actions – please visit the appropriate Committees & Activities page.

There are no exposure drafts at this time.

See Financial Stability (EX) Task Force page for Liquidity Stress Test Framework Draft Exposure Document

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Model 275 Draft.pdf Adopted by the Committee Dec. 30, 2019

ACLI Redline of AG 49A - Compared against existing AG 49
ACLI Redline of AG 49A - Compared against 4-14 Draft
Please send comments to Reggie Mazyck by close of business on June 12, 2020.

APF 2020-05
APF 2020-07
Please send comments to Reggie Mazyck by close of business on June 10, 2020.

Bobby Samuelson's Proposal (referred to as the Independent Proposal)
Independent Proposal Examples
Please send comments to Reggie Mazyck by close of business on May 27, 2020.

APF 2020-06 Exposure
Model 805 Exposure
Please send comments to Reggie Mazyck by close of business on May 27, 2020.

2020 Collection of Company Mortality Experience Data Memo
Please send comments to Reggie Mazyck by close of business on Apr. 30, 2020.

ACLI Comments and Draft of AG 49
ACLI Mechanics of Proposed Guideline
Please send comments to Reggie Mazyck by close of business on Apr. 30, 2020.

APF 2020-03
APF 2019-58
Please send comments to Reggie Mazyck by close of business on Mar. 23, 2020.

APF 2020-02
Please send comments to Reggie Mazyck by close of business on Mar. 4, 2020.

APF 2019-33
Please send comments to Reggie Mazyck by close of business on Feb. 7, 2020.

AG 49 Draft Revisions
Please send comments to Reggie Mazyck by close of business on October 30, 2019.

Amendment Proposal 2019-56 Revisions to VM-51 Data Elements for AUW – Comments due to Reggie Mazyck by October 7, 2019.
APF 2019-56 Revised Data Elements VM51 (Word)
Appendix- VM51 Data Elements markup simple (Word)
Please note that a version of 2019-56 reflecting the potential adoption of edits to amendment 2018-59 will be posted when it becomes available.

There are no exposure drafts at this time.

Comments received on Jan. 28 exposure of revisions to AG49:
Academy Comments
ACLI Comments
Allianz Comments
Global Atlantic AG49 Draft
Global Atlantic Comments
Independent Proposal Comments
IUL Coalition Comments
IUL Coalition AG49 Redline
Securian/Nationwide/Penn Mutual/Prudential/Mutual of Omaha Comments
Vincent Tsang Comments

Please provide comment on the options presented on the January 28, 2020 Subgroup call (and included in the call materials) related to the Supplemental Option Budget. Comments which provide pros and cons of either option, provide an additional option, or include proposed draft revisions to Actuarial Guideline 49 would be appreciated.

Submit comments to Reggie Mazyck by Feb. 14.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Exposure of LR027 for VA Framework v.02.06.19
Comments should be sent electronically to David Fleming by COB Wednesday, March 6, 2019.

Re-Exposure of Proposed Revisions to Actuarial Guideline XLIII-CARVM for Variable Annuities (AG 43)
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 6, Standard Projection Requirements
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 7, Alternative Methodology, and associated edits to Section 3, Reserve Methodology

Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 8, Scenario Generation
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Re-Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Sections 1 through 5
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Definitions of Terms in Requirements (VM-01)
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 9
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of revised AG 43
Comments should be sent electronically to David Fleming by COB Friday November 9, 2018.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Varialble Annuities (VM-21), Sections 1 through 5
Comments should be sent electronically to David Fleming by COB Monday November 19, 2018.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Sections 11 and 12
Comments should be sent electronically to David Fleming by COB Monday November 19, 2018.

QTL Template.xlsx Pennsylvania Revised Draft QTL Template Draft May 28, 2020

QTL Template Instructions.docx Revised Draft QTL Template Instructions May 28, 2020

MHPAEA assumptions exposure.docx MHPAEA Draft Assumptions March 10, 2020

There are no exposure drafts at this time.

HMO Model Rev.pdf Draft Dated Feb. 6, 2020

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no current exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

New Inland Marine Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook

Comments Due Date: May 15, 2020

New Limited Long-Term Care Exam Standards Chapter 26A December 11, 2019 draft for Inclusion in the Market Regulation Handbook

Comments Due Date: May 15, 2020

New Limited Long-Term Care Exam Standards Chapter 26A October 29, 2019 draft for Inclusion in the Market Regulation Handbook

Comments Due Date: May 15, 2020

New Farmowners Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook

The Farmowners In Force SDR and Farmowners Claims SDR were adopted by the Working Group on its Dec. 18, 2019 call.

New Farmowners Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook

Cybersecurity (EX) Task Force Referral to Market Conduct Examination Standards (D) Working Group

The following items have been tabled by the Working Group until further notice.

Proposed Market Regulation Handbook Substantive Revisions Received from the Market Information Systems Research and Development (D) Working Group 7-12-16

Draft New Health Reform Market Conduct Examination Standards for Nondiscrimination for inclusion in the Market Regulation Handbook
Aug. 10, 2015 Draft

Draft New Health Reform Market Conduct Examination Standards for Nondiscrimination for inclusion in the Market Regulation Handbook
Aug. 3, 2015 Draft

Section D. Standards of Chapter 14-Sampling of the Market Regulation Handbook 9/18/14

 

There are no exposure drafts at this time.

Antifraud Plan Guideline

The Antifraud Technology (D) Working Group is reviewing the April 2011 Antifraud Plan Guideline developed by the Antifraud (D) Task Force. The Working Group will be holding monthly conference calls to review comments and finalize revisions by 2020 Fall National Meeting.

 

Conference Call Schedule:

  • Thursday, May 21st   -  11am Alaska/12pm Pacific/1pm Mountain/2pm Central/3pm Eastern
  • Thursday, June 18th  -  11am Alaska/12pm Pacific/1pm Mountain/2pm Central/3pm Eastern
  • Thursday, July 16th   -  11am Alaska/12pm Pacific/1pm Mountain/2pm Central/3pm Eastern

 

 

Comments Recieved by December 31, 2019

 

Comments Applied to Guideline

 

 

There are no exposure drafts at this time.

State Licensing Handbook Review

In 2019 the Producer Licensing Uniformity (D) Working Group was given the charge to review the State Licensing Handbook. The Working Group split out the review process into sections consisting of five chapters for each review period.  The comments received and the redline chapters  can be found attached below.  The Handbook will be presented to the Executive Committee for final adoption at the Summer National Meeting.

COMMENTS RECEIVED:

Chapters 1 – 5

Chapters 6-10

Chapters 11-15

Chapters 16-20

Chapters 21-25

  • No comments at this time.

Chapters 26-30

REDLINED CHAPTERS:

 


NAIC Uniform Application

The NAIC Uniform Applications were adopted by the Market Regulation and Consumer Affairs (D) Committee at the 2018 NAIC Summer National Meeting. At this time the applications have not been presented to the NAIC Executive Committee pending an additional review and discussion of the revisions.

Continuing Education Reciprocity Agreement

In 2019 the Working Group reviewed the Continuing Education Reciprocity (CER) Agreement. The NAIC's General Counsel advised the Working Group that a revision of the agreement would not be feasible due to the date of the CER Agreement and inaccurate/dated information it contains. The decision was to create a new CER Agreement. During the Fall National Meeting the Producer Licensing (D) Task Force adopted the 2019 CER Agreement. The agreement will be presented to the Executive Committee during the Summer National Meeting for final adoption. The adopted draft is attached below.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

The Group Capital Calculation (E) Working Group has exposed the following for a 60-day comment period.

Please submit comments to Lou Felice by COB July 19, 2020.

There are no exposure drafts at this time. 

 

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Blanks (E) Working Group
Items Received for Comment

Last Updated May 28, 2020

Please address comment letters to Jacob Garn, Chair of the Blanks (E) Working Group, and direct to Mary Caswell and Calvin Ferguson.

Ref No. Description Comment Deadline

2020-02BWG

 

Modify the instructions and illustration for Note 10L to reflect the disclosure changes for SSAP No. 97—Investments in Subsidiary, Controlled, and Affiliated Entities adopted by the Statutory Accounting Principles (E) Working Group. 7/28/2020
2020-22BWG Modify the instructions and illustration for Note 3A and a new Note 3E with instructions and illustrations to be data captured. Modify the blank and instructions for Schedule D, Part 6, Sections 1 and 2 (SAPWG 2020-03). 7/28/2020
2020-24BWG Remove questions 29, 30, 31 and 32 from the Supplemental Exhibits and Schedules Interrogatories. Renumber the remaining questions. 7/28/2020
2020-25BWG Add a new Column 5 to the blank for Schedule T with instructions to specifically capture the CHIP premium. Existing columns after the new Column 5 will be renumbered. 7/28/2020
2020-26BWG Add a new Column 5 to Schedule DB, Part D, Section 1 and renumber the remaining columns. Add instruction for the new Column 5, add the column reference to Column 7, and adjust other column references in crosschecks. Correct column references for this schedule on the Liability Page, Asset Page and Schedule DB Verification. Modify instruction language for the disclosure Note 8A(8). 7/28/2020

 

 

Exposure Drafts Outstanding
Statutory Accounting Principles (E) Working Group
Last Updated 5/05/2020

Please address comment letters to Dale Bruggeman, Chair of the Statutory Accounting Principles (E) Working Group, and direct to Julie GannRobin Marcotte, Jim PinegarFatima Sediqzad and Jake Stultz.

For the status of all SAPWG agenda items, please refer to the Maintenance Agenda
Maintenance Agenda.Maintenance Agenda
Updated December 19, 2019 Updated May 5, 2020

 

EXPOSURES with COMMENT DEADLINE of JUNE 5, 2020

INT 20-08T

Comment Letters

SSAP No. 5

SSAP No. 24

SSAP No. 53

SSAP No. 54

SSAP No. 65

SSAP No. 66

COVID-19 Premium Refunds, Rate Reductions and Policyholder Dividends This INT provides guidance on how to account for premium refunds issued in response to COVID-19. With regards to premium refunds that are outside of policy terms, the INT identifies that these shall be reported as a reduction of premium (and not as an expense.) It also provides guidance on premium reductions and policyholder dividends. The INT also directs an aggregate disclosure of all items to allow for easy identification of full impact from COVID-19 in the financial statements.
EXPOSURES with COMMENT DEADLINE of MAY 29, 2020
2019-04

SSAP No. 32

IP No. 1XX

SSAP No. 32 – Investment Classification Project Exposed issue paper and a substantively revised draft SSAP No. 32 as part of the Investment Classification Project.
2019-14 SSAP No. 97 Attribution of Goodwill Exposed revisions with a proposed provision to exclude “pushdown” goodwill until the decision from the Working Group on that issue has been addressed. Additionally, the disclosure has been modified from the prior exposure to detail the downstream holding company application and the attribution of goodwill.
2019-38 SSAP No. 86 Financing Derivatives Exposed revisions ensure consistency in the gross reporting of derivatives, without inclusion of financing components, and in reporting amounts owned to/from the reporting entity from the acquisition or writing of derivatives. A blanks proposal will be sponsored and notice of the proposed edits will be provided to the Capital Adequacy (E) Task Force.
2020-02 SSAP No. 26R Accounting for Bond Tender Offers Exposed revisions clarify accounting and reporting of investment income and capital gain/loss, due to the early liquidation either through a called bond or a bond tender offer, shall be similarly applied. This is in line with the original intent as the initial SSAP No. 26 codification guidance which refers to “prepayment penalties or acceleration fees in the event the bond is liquidated prior to its scheduled termination date.”
2020-03 SSAP No. 68 Enhanced Goodwill Disclosures Exposed revisions add additional goodwill disclosures. The proposed disclosures will improve the validity and accuracy of numbers currently being reported and will assist with the regulators’ review of reported assets not readily available for the payment of policyholder claims. Revisions to Schedule D, Part 6, Section 1 and Section 2 focus on the current reference to intangible assets.
2020-04

SSAP No. 51R

SSAP No. 52

SSAP No. 54R

Commissioner Discretion in the Valuation Manual Exposed revisions propose a disclosure that notes voluntary decisions to choose one allowable reserving methodology over another, which require commissioner approval under the Valuation Manual, shall be reported as a change in valuation basis. A notification of this exposure will be sent to the Life Actuarial (A) Task Force.
2020-05

SSAP No. 106

INT 18-02

Repeal of the Affordable Care Act Section 9010 Assessment Exposed the intent to supersede SSAP No. 106 and nullify INT 18-02, effective Jan. 1, 2021. Referrals will be sent to 1) the Blanks (E) Working Group, to ensure the annual statement disclosures related to SSAP No. 106 in Note 22 are removed beginning in reporting year 2021, and 2) to the Health Risk Based Capital (E) Working Group for RBC implications related to the 2021 removal of the federal ACA adjustment sensitivity test which uses SSAP No. 106 disclosure data. (NOTE: The INT name has been updated from 16-01 to 18-02.)
EXPOSURES with COMMENT DEADLINE of JULY 31, 2020
2019-21

SSAP No. 43R

IP No. 1XX

SSAP No. 43R Exposed a preliminary issue paper to provide initial information and key concepts that are being considered. Comments and information are requested on the issues and questions presented within the document.

EXPOSURES DEFERRED UNTIL SUMMER 2020 NATIONAL MEETING

2019-12

SSAP No. 68

ASU 2014-17, Business Combinations, Pushdown Accounting

The Statutory Accounting Principles (E) Working Group deferred discussion of this agenda item for a subsequent call or meeting.

2019-24

SSAP No. 71

Levelized and Persistency Commission

The Statutory Accounting Principles (E) Working Group deferred discussion of this agenda item for a subsequent call or meeting.

2019-34

SSAP No. 25

Related Parties, Disclaimer of Affiliation and Variable Interest Entities

The Statutory Accounting Principles (E) Working Group deferred discussion of this agenda item for a subsequent call or meeting.

2019-49

SSAP No. 62R

Retroactive Reinsurance Exception

The Statutory Accounting Principles (E) Working Group deferred discussion of this agenda item for a subsequent call or meeting.

The Capital Adequacy (E) Task Force, is exposing the following proposal for a 30-day comment period. The purpose of the proposal is to label the introduction and other pertinent information as an Overview. As we move towards producing electronic publications for RBC this change will align the references in the table of contents. Please submit comments to Jane Barr by COB May 15, 2020.

The following proposal is exposed for a public comment period ending COB Monday, May 4. Comments should be sent via email to cbrown@naic.org.

The following proposal is exposed for a 10-day comment period. Please submit comments to Jane Barr by COB Friday March 6, 2020.

Exposure of Alternative Factors for Longevity
Comments should be sent electronically to Dave Fleming by COB Friday, May 29, 2020.

Exposure of Deletion of C-3 Instructions Specific to 2019
Exposure of Deletion of C-3 Instructions Specific to 2019 (Tracked Changes)
Comments should be sent electronically to Dave Fleming by COB Wednesday, April 22, 2020.

Exposure of Proposed C-3 Instruction Changes

Exposure of Proposed C-3 Guidance
Comments should be sent electronically to Dave Fleming by COB Friday, February 7, 2020.

Exposure of Proposed C-3 Instruction Changes
Comments should be sent electronically to Dave Fleming by COB Friday, February 7, 2020.

Implementing a Risk Charge for Longevity in the Life and Fraternal Risk-Based Capital Formula
Alternative Presentation that Includes Covariance
Comments should be sent electronically to Dave Fleming by COB Friday, February 7, 2020.

Potential Further Work on Life Growth Operational Risk
Comments should be sent electronically to Dave Fleming by COB Wednesday, November 20, 2019.

Exposure of a proposal to update the RBC charge for unaffiliated common stock supporting long-horizon contractual commitments.
Comments should be sent electronically to Dave Fleming by COB Friday, September 20, 2019.

Re-exposure of 2019-10-L
Comments should be sent electronically to Dave Fleming by COB Friday, June 13, 2019.

Re-exposure of 2019-10-L
Comments should be sent electronically to Dave Fleming by COB Friday, May 31, 2019.

Exposure of proposed changes to the life RBC instructions as recommended by the Variable Annuities Capital and Reserve (E/A) Subgroup
Comments should be sent electronically to Dave Fleming by COB Tuesday, May 7, 2019.

Re-exposure of 2018-18-L with comments specifically requested on LR024 and LR026

Comments should be sent electronically to Dave Fleming by COB Thursday, May 9.

2018-11-L-Life RBC Tax Proposal
Please send comments to Dave Fleming by the close of business, June 5, 2018. (Please consider whether a printed copy in its entirety is needed as there are 161 pages in the document.)

Asset Valuation Reserve Proposal

2017 to 2018 Comparison

Worksheet Showing Factors:

AVR RBC 2017 and Proposed 2018 Factors

Please send comments to Dave Fleming by the close of business, June 5, 2018.

Exposure Drafts Still Open For Consideration with Comment Received:

Please send any comments on the exposure drafts to Dave Fleming.

The Working Group exposed the below proposal for a 30-day comment period. Please submit comments to Eva Yeung by Saturday, May 9, 2020.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time. 

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

On May 4, 2020, the Reinsurance (E) Task Force exposed a new Uniform Checklist for Reciprocal Jurisdiction Reinsurers and updates to the existing Uniform Application Checklist for Certified Reinsurers. These updates are a result of the 2019 revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786). The public comment period deadline is May 26, 2020, and comments should be directed to NAIC support staff Jake Stultz and Dan Schelp.

Comment Letters:


On February 5, 2020, the Reinsurance (E) Task Force exposed a memorandum and supporting documents providing a comparison between the Term and Universal Life Insurance Reserve Financing Model Regulation (#787) and Actuarial Guideline XLVIII (AG 48). Specifically, the memorandum requests comments on whether compliance with AG 48 should be considered to be “substantially similar” to Model #787 under the NAIC Financial Standards and Accreditation Program. The public comment period deadline is February 26, 2020, and comments should be directed to NAIC support staff Jake Stultz and Dan Schelp.

Comment Letters:

 

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Exposure of LR027 for VA Framework v.02.06.19
Comments should be sent electronically to David Fleming by COB Wednesday, March 6, 2019.

Re-Exposure of Proposed Revisions to Actuarial Guideline XLIII-CARVM for Variable Annuities (AG 43)
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 6, Standard Projection Requirements
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 7, Alternative Methodology, and associated edits to Section 3, Reserve Methodology

Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 8, Scenario Generation
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Re-Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Sections 1 through 5
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Definitions of Terms in Requirements (VM-01)
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Section 9
Comments should be sent electronically to David Fleming by COB Tuesday, January 22, 2019.

Exposure of revised AG 43
Comments should be sent electronically to David Fleming by COB Friday November 9, 2018.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Varialble Annuities (VM-21), Sections 1 through 5
Comments should be sent electronically to David Fleming by COB Monday November 19, 2018.

Exposure of Proposed Revisions to Requirements for Principle-Based Reserves for Variable Annuities (VM-21), Sections 11 and 12
Comments should be sent electronically to David Fleming by COB Monday November 19, 2018.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

 

 

 

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