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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.

There are no exposure drafts at this time.

At the direction of Long-Term Care Insurance Multistate Rate Review (EX) Subgroup, please find below the second draft of the operational sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment. 

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business Monday, Oct. 11, 2021.


At the direction of the Chair of the Long-Term Care Insurance Multistate Rate Review (EX) Subgroup, please find below the second draft of the actuarial sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment. 

A conference call of the Subgroup will be scheduled soon to explain the revisions to the draft.  For your reference, the attached comment summary indicates where revisions were made.

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business, Thursday, Oct. 28, 2021.

Draft Revised UTPA Amended Language Addressing Rebating 10/30/20
Comments regarding the revised proposed amendments should be submitted to Denise Matthews by Wed., Nov. 18, 2020.


Draft Revised UTPA Amended Language Addressing Rebating 8/10/20
Comments regarding the revised proposed amendments should be submitted to Denise Matthews by Aug. 28, 2020.

AI Principles as Adopted by AIWG 7/1/20
Comments due to Denise Matthews by July 20, 2020.

Draft UTPA Amended Language Addressing Rebating 6/23/20
Comments regarding the proposed amendments should be submitted to Denise Matthews by July 15, 2020

ND Draft Anti-Rebating Bulletin 11/25/19

ND Draft Anti-Rebating Bulletin 10/4/19

ND Anti-Rebating Guideline 7/23/19

There are no exposure drafts at this time.

At the direction of Long-Term Care Insurance Multistate Rate Review (EX) Subgroup, please find below the second draft of the operational sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment. 

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business Monday, Oct. 11, 2021.


At the direction of the Chair of the Long-Term Care Insurance Multistate Rate Review (EX) Subgroup, please find below the second draft of the actuarial sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment. 

A conference call of the Subgroup will be scheduled soon to explain the revisions to the draft.  For your reference, the attached comment summary indicates where revisions were made.

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business, Thursday, Oct. 28, 2021.

 

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Alternate draft revisions to Model #580 and sample policy overview sent to Life Insurance and Annuities (A) Committee to assist them in providing the Working Group with guidance on next steps:

Revised #580 - current delivery requirements

Sample policy overview - post underwriting 

Revised #580 - at time of application delivery requirements

Sample policy overview - pre-underwriting

The following documents are being exposed for a 21-Day public comment period ending October 6th, 2021.

Please send comments to Reggie Mazyck by close of business on October 6th, 2021.

The following document is being exposed for a 21-Day public comment period ending September 7th, 2021.

Please send comments to Reggie Mazyck by close of business on September 7th, 2021.

The following document is being exposed for a public comment period ending July 20th, 2021.

Please send comments to Reggie Mazyck by close of business on July 20th, 2021.

The following document is being exposed for a public comment period ending June 30th, 2021.

Please send comments to Reggie Mazyck by close of business on June 30th, 2021.

The following document is being exposed for a 10-Day public comment period ending June 21st, 2021.

Please send comments to Reggie Mazyck by close of business on June 21st, 2021.

The following document is being exposed for a 12-Day public comment period ending June 8th, 2021.

Please send comments to Reggie Mazyck by close of business on June 8th, 2021.

The following document is being exposed for a 21-Day public comment period ending June 16th, 2021.

Please send comments to Reggie Mazyck by close of business on June 16th, 2021.

The following document is being exposed for a 21-Day public comment period ending June 11th, 2021.

Please send comments to Reggie Mazyck by close of business on June 11th, 2021.

    EXTENDED: The following document is being exposed for a 21-Day public comment period ending June 4th15th, 2021.

    Please send comments to Reggie Mazyck by close of business on June 4th15th, 2021.

    The following document is being exposed for a 30-Day public comment period ending June 14th, 2021.

    Please send comments to Reggie Mazyck by close of business on June 14th, 2021.

    The following document is being exposed for a 30-Day public comment period ending June 7th, 2021.

    Please send comments to Reggie Mazyck by close of business on June 7th, 2021.

    The following document is being exposed for a 40-Day public comment period ending June 14th, 2021.

    Please send comments to Reggie Mazyck by close of business on June 14th, 2021.

    The following document is being exposed for a 21-Day public comment period ending May 12th, 2021.

    Please send comments to Reggie Mazyck by close of business on May 12th, 2021.

    The following document is being exposed for a 30-Day public comment period ending May 21st, 2021.

    Please send comments to Reggie Mazyck by close of business on May 21st, 2021.

    The following document is being exposed for a public comment period ending May 25th, 2021.

    Please send comments to Reggie Mazyck by close of business on May 25th, 2021.

    The following document is being exposed for a public comment period ending May 3rd, 2021.

    Please send comments to Reggie Mazyck by close of business on May 3rd, 2021.

    The following documents are being exposed for a public comment period ending April 28th, 2021.

    Please send comments to Reggie Mazyck by close of business on April 28th, 2021.

    The following documents are being exposed for a public comment period ending March 26th, 2021.

    Please send comments to Reggie Mazyck by close of business on March 26th, 2021.

    The following documents are being exposed for a public comment period ending March 22nd, 2021.

    Please send comments to Reggie Mazyck by close of business on March 22nd, 2021.

    The following documents are being exposed for a public comment period ending March 22nd, 2021.

    Please send comments to Reggie Mazyck by close of business on March 22nd, 2021.

    The following documents are being exposed for a public comment period ending March 22nd, 2021.

    Please send comments to Reggie Mazyck by close of business on March 22nd, 2021.

    The following document is being exposed for a 30-day public comment period.

    Please send comments to Reggie Mazyck by close of business on Dec. 11, 2020.

    Past Exposures: 

    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.

    The following document is being exposed for a public comment period ending October 19, 2021. 

    Please submit comments to Reggie Mazyck (RMazyck@naic.org) by close of business Oct.19.

    There are no exposure drafts at this time.

    There are no exposure drafts at this time.

    PBM Model Draft As Adopted by the Health Insurance and Managed Care (B) Committee, June 22, 2021

    There are no exposure drafts at this time.

    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.

    There are no exposure drafts at this time.

    PBM Model Draft PBM Model Act As Adopted by the Health Insurance and Managed Care (B) Committee, June 22, 2021

     

    HMO Model Draft Adopted by the Subgroup, July 13, 2020

    PBM Model Draft As Adopted by the Health Insurance and Managed Care (B) Committee, June 22, 2021

    There are no exposure drafts at this time.

    There are no exposure drafts at this time.

    The following document is being exposed for a 30 Day public comment period ending August 6th, 2021.

    Please send comments to Bree Wilson by close of business on August 6th, 2021.

    There are no exposure drafts at this time.

    Updated Draft Title Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook

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

    Comments Due Date on the March 23 Title SDRs was: August 23, 2021

    New Draft Chapter 24-Conducting the Health Examination for inclusion in the Market Regulation Handbook (Revised Guidance Regarding Supplementary and Short-Term Health Insurance)

    The posted revisions to the Conducting the Health Examination chapter were adopted by the Working Group on its November 19, 2020 call. 

    New Draft Long-Term Care Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook

    The Long-Term Care In Force and Long-Term Care Claims SDRs were adopted by the Working Group on its November 19, 2020 call.

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

    The Inland Marine In Force and Inland Marine Claims SDRs were adopted by the Working Group on its July 23, 2020 call.

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

    The Limited Long-Term Care Exam Standards, Dec. 11, 2019 draft, were adopted by the Working Group on its July 23, 2020 call. 

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

    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, and adopted by the Market Regulation and Consumer Affairs (D) Committee on its July 27, 2020 call.

    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.

    MCAS Accelerated Underwriting: Proposal (3/18/2021)

    MCAS Digital Claims: Proposal (3/18/2021)

    MCAS Other Health - Short-Term Limited Duration Insurance

    MCAS Travel Insurance

     

      On October 29, 2020 the Antifraud Technology (D) Working Group completed their review and adopted revisions to the NAIC Antifraud Plan Guideline (#1690). The focus was to reorganize the guidelines into a more intuitive order, to eliminate repetitive requirements within the existing guidelines, and add suggestions to better meet existing requirements for nearly all states.
       

      The Antifraud (D) Task Force is soliciting comments on the revisions with a deadline of Thursday, November 12, 2020.  Comments/suggestions can be sent to Greg Welker gwelker@naic.org  
       

      The track changes draft, and the track changes accepted draft adopted by the Working Group can be found below.
       

      The Antifraud (D) Task Force will potentially adopt the revisions to the Antifraud Plan Guideline (#1690) on its November 16, 2020 - Open Webex Meeting.

       

      Antifraud Plan Guideline

      The Antifraud Technology (D) Working Group has been reviewing the 2011 NAIC Antifraud Plan Guideline for potential revisions. The focus has been to reorganize the guidelines into a more intuitive order, to eliminate repetitive requirements within the existing guidelines, and add suggestions to better meet existing requirements for nearly all states.

      In order to finalize the review of the NAIC Antifraud Plan Guideline the Working Group will be holding conference calls through October. The dates for the scheduled conference calls are listed below. 

       

      Conference Call Schedule:

      • Thursday, September 17th  -  9am Alaska/10am Pacific/11am Mountain/12pm Central/1pm Eastern

       

       

       

       

      Comments Received by January 5, 2020

       

      Comments Received by September 8, 2020 (Draft 3 8.3.20)

       

       

      Guideline Drafts

      RIRS Coding Change Proposal

      RIRS Coding Change Proposal  posted 3/25/2021

      Pet Insurance 

      The Producer Licensing Uniformity (D) Working Group has been given the task of reviewing Pet Insurance to determine whether the current licensing standards should change. The Working Group will be meeting via Webex/conference call throughout 2021 to discuss and determine a recommendation that will be presented to the Producer Licensing (D) Task Force. 

      Materials:

       

      Webex/Conference Calls:

       

       


       

      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.

       

      Testing and Examination Pass Rates

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.

        The Mutual Recognition of Jurisdictions (E) Working Group has exposed the following item for public comment through August 20, 2021. Please submit comments to NAIC staff, Jake Stultz and Dan Schelp.

        • Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation [Word] [PDF]

        The proposed GCC procedures documents (procedures, form and instructions) is exposed by the Working Group for a 60-day comment period.

        Please direct all comments to Dan Daveline by September 24.


        The draft referral to the Capital Adequacy (E) Task Force, is exposed by the Working Group for a 90-day comment period.

        Please direct all comments to Dan Daveline by October 25.


        The Working Group is exposing the two document below; comments including additional redlines of the word documents should be submitted to Dan Daveline.

        Two PDF documents accompanying this exposure, the first of which shows the track changes version of the word documents which incorporate most of the suggestions from various commenters. The second is the actual comments received from the original exposure.

        Please direct all comments to Dan Daveline by October 29.

        Exposure of updated draft of proposed revisions to the Financial Analysis Handbook to incorporate ComFrame elements. Handbook sections have updates tracked with “Post Exposure” as the author to denote changes made from the previous version in response to comments received and outlined in the Comment Matrix below.

        Comment Matrix
        Combined Comment Letters 

        Track Changed Word Documents:
        VI-A
        VI-B
        VI-C
        VI-D
        VI-E
        VI-F
        VI-I
        VI-J

        Comments due to Bruce Jenson by Friday, Oct 8

        There are no exposure drafts at this time. 

        The following document is being exposed for public comment: 

        Please send comments to Andy Daleo by end of business March 18, 2021

        The National Treatment and Coordination (E) Working Group is exposing the following Request for Disclaimer (Form 9) proposal for a 45-day comment period. Please submit comments to Jane Barr by COB Sept. 24, 2021.

        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 July 22, 2021

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

        Ref. No. Description Comment Deadline
        2021-11BWG

        Add a new annual statement supplement to the Property and Casualty (P/C) statement to capture exposure data for Annual Statement Lines 2.5, 4, 19.1, 19.2 and 21.2 of the Exhibit of Premiums and Losses. Add a column to the Quarterly Parts 1 and 2 to capture exposure data for these annual statement lines for the quarter.

        10/22/2021
        2021-12BWG Add and delete lines on the Analysis of Operations by Lines of Business - Accident and Health for Life/Fraternal to capture health-specific data captured on the Heath Analysis of Operations by Lines of Business but not on the Life/Fraternal Analysis of Operations page and add new crosschecks for the new lines. Add new crosschecks to the Analysis of Operations by Lines of Business – Summary to map the lines on the accident and health (A&H) page to the summary. 10/22/2021
        2021-13BWG Add a new supplement to capture premium and loss data for Annual Statement Lines 17.1, 17.2 and 17.3 of the Exhibit of Premiums and Losses (State Page) – Other Liability by more granular lines of business. 10/22/2021
        2021-14BWG Expand the number of lines of business reported on Schedule H to match the lines of business reported on the Health Statement. Modify the instructions so they will be uniform between life/fraternal and property. 10/22/2021

         

         

        Exposure Drafts Outstanding
        Statutory Accounting Principles (E) Working Group
        Last Updated 9/9/2021

        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.

        EXPOSURES with COMMENT DEADLINE of OCTOBER 1, 2021

        2019-24 Issue Paper No. 16x SSAP No. 71 – Levelized and Persistency Commission Exposed Issue Paper No. 16x: Levelized Commission to document the historical discussion and final action adopted through Exec/Plenary.
        2021-11 SSAP No. 43R SSAP No. 43R – Credit Tenant Loans – Scope Exposed revisions to, 1) identify the SVO-identified CTLs are in scope of SSAP No. 43R and to delete the examples of "other loan-backed and structured securities" in paragraph 27.b.; 2) intent to nullify INT 20-10; and 3) dispose agenda item 2020-24: Accounting and Reporting of Credit Tenant Loans without statutory revisions.
        2021-12EP Various Editorial Updates Exposed editorial revisions to the Preamble, Appendix A-001, Appendix C, Appendix C-2, and SSAP No. 21R
        2021-13 SSAP No. 55 Salvage – Legal Recoveries Exposed revisions to clarify that salvage and subrogation legal recoveries should be reported as a reduction of losses and/or loss adjusting expense (LAE reserves), depending on the nature of the costs being recovered and to update the disclosure in paragraph 17.h.
        2021-14 Policy Statement Policy Statement Terminology Change – Substantive and Nonsubstantive Exposed revisions to alter the terminology used when discussing types of statutory accounting revisions.
        INT 21-02T SSAP No. 6 INT 21-02T – Hurricane Ida Interpretation proposes a temporary, optional extension to the "90-day rule" in SSAP No. 6 for policies impacted by Hurricane Ida. The temporary extension is proposed to automatically nullify on Jan. 24, 2022.
        EXPOSURES with COMMENT DEADLINE of OCTOBER 22, 2021
        2021-15 SSAP No. 43R SSAP No. 43R – Residual Tranches Exposed revisions to clarify that non-rated residual tranches shall be reported on Schedule BA – Other Long-Term Investments and valued at the lower of cost or fair value.
        PRINCIPLES-BASED BOND PROJECT
        Principles-Based Bond Definition SSAP No. 43R Principles-Based Bond Project On Aug. 26, 2021, the Statutory Accounting Principles (E) Working Group directed NAIC staff to utilize the principle-based bond definition to move forward with drafting an issue paper and SAP revisions. These bond definition concepts should not be considered final as further discussion and deliberation will occur throughout the process. Although not formally exposed, comments or questions can continue to be submitted to NAIC staff for consideration by the 43R Study Group during the issue paper development process.

        EXPOSURES DEFERRED for SUBSEQUENT INTERIM or NATIONAL MEETINGS

        2018-07

        SSAP No. 41R

        Surplus Note Accounting – Referral from the Reinsurance (E) Task Force

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

        2019-12

        Comments

        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.

        2019-14

        Comments

        SSAP No. 68

        SSAP No. 97

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

        2019-49

        Comments

        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 2022 proposed charges for a 30-day comment period. Please submit comments to Jane Barr by COB Sept. 17, 2021.

         

        There are no exposure drafts at this time.

        Exposure of 2021-12-L Life Reinsurance 

        Exposure of 2021-13-L Longevity Factors and Instructions

        Comments should be sent electronically to Dave Fleming by COB Thursday, May 27, 2021.


        Exposure of American Academy of Actuaries' and American Council of Life Insurers’ Proposed Bond Factors and Instructions 

        Additional exposure to include explicit tax factors that are a part of the development of both sets of proposed base bond factors above.

        Comments should be sent electronically to Dave Fleming by COB Thursday, May 27, 2021.


        Exposure of American Council of Life Insurers’ Proposed Factors and Instructions 

        Additional exposure to include asset concentration factor instructions that were omitted from the original document.

        Comments should be sent electronically to Dave Fleming by COB Monday, May 24, 2021.


        Exposure of American Academy of Actuaries’ Proposed Bond Factors

        Comments should be sent electronically to Dave Fleming by COB Friday, April 9, 2021.


        Exposure of Proposed Life Risk-Based Capital Mortgage Reporting Guidance Extension

        Comments should be sent electronically to Dave Fleming by COB Monday, February 22, 2021.


        Comments should be sent electronically to Dave Fleming by COB Monday, March 8, 2021.


        Comments should be sent electronically to Dave Fleming by COB Wednesday, Oct. 7, 2020.


        Exposure on Suggested Edits to the RBC Forms & Instructions for C-2b Longevity Risk
        Comments should be sent electronically to Dave Fleming by COB Monday, August 10, 2020.


        Exposure Drafts Still Open For Consideration with Comment Received:

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

        The Property and Casualty Risk-Based Capital (E) Working Group is exposing the following document for a 30-day comment period. Please submit comments to Eva Yeung by COB July 9, 2021.

        There are no exposure drafts at this time.

        There are no exposure drafts at this time.

        There are no exposure drafts at this time.

        The following document is being exposed for a 30-Day public comment period, ending October 1, 2021: 

        Please send all comments to Rodney Good by end of business, October 1st. 

        There are no exposure drafts at this time.

          There are no exposure drafts at this time. 

          In 2021, the Working Group received the 2 referrals linked below. The Working Group formed a drafting group to address the referrals. These referrals will be discussed on the Working Group’s next call (yet to be scheduled).

          Chief Regulator Forum Referral

          RFAWG Referral
           

          There are no exposure drafts at this time.

           

          There are no Exposure Drafts at this time. 

          There are no exposure drafts at this time.

          Comments on exposed items should be addressed to John Rehagen (MO), Chair Representative of the Reinsurance (E) Task Force, and sent electronically to NAIC staff, Jake Stultz and Dan Schelp.

          The following document has been exposed for a 21-day public comment period ending COB Friday, October 8, 2021.

           

          Comments on exposed items should be addressed to Robert Wake (ME), Chair of the Mutual Recognition of Jurisdictions (E) Working Group, and sent electronically to NAIC staff, Dan Schelp and Jake Stultz.

          The following document has been exposed for a 30-day public comment period ending August 20, 2021.

          • Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation [Word] [PDF]

          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.

          Group Capital Calculation (GCC) and Liquidity Stress Test (LST) (2020 Revisions to Holding Company Models #440 and #450)

          The 1-year exposure beginning January 1, 2022: Pending approval by Plenary at the Fall National Meeting.

          On Aug. 14, 2021, the Committee voted to recommend exposure of the GCC and LST referral with the following revision:

          • GCC: The Commissioner may grant an exemption to qualifying groups meeting the standards set forth in Model #450, Section 21A and 21B, without the requirement to file at least once.

          The proposed effective date is January 1, 2026.

          Note 1: The F Committee strongly encourages all states with a group impacted by the Covered Agreement to adopt the group capital calculation revisions to Model #440 and Model #450 for those groups effective Nov. 7, 2022. The Committee also strongly encourages states with a group impacted by the liquidity stress test to adopt the relevant revisions to Model #440 as soon as possible. 

           

          Note 2: Receivership Revisions – On August 17, 2021, the NAIC Executive and Plenary adopted revisions to the holding company models #440 and #450, which aim to ensure the continuity of essential services and functions to an insurer in receivership by affiliated entities and further clarify ownership of data and records of the insurer. There has not yet been discussion of the accreditation impact. However, states revising their holding company statutes are strongly encouraged to review these changes at the same time. The model attachment contains tracked changes for both #440 and #450 for GCC, LST and receivership revisions, with the receivership revisions highlighted in yellow.

          There are no exposure drafts at this time.

          There are no exposure drafts at this time.