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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.

Proposed Innovation, Cybersecurity and Technology (H) Committee

Final H Committee 2022 Proposed Draft Charges - Clean Version 12/1/21

Final H Committee 2022 Proposed Draft Charges - Redline Version 12/1/21

Comments to the Draft Charges 11/18/21 Revised

Draft Charges 11/2/21

____________________________________________________________________________________________________________

MO880 - 2020 revisions-12042020 as Amended

Solvency Workstream

Below are a new draft referral to the Financial Analysis Solvency Tools (E) Working Group, and a revised draft referral to the ORSA Implementation (E) Subgroup and Financial Examiners Handbook (E) Technical Group. The revised referrals were drafted in response to previously received comment letters. Please submit comments by the end of the day May 15th to Dan Daveline. An open conference call is currently being scheduled for June 7th to discuss any comments received on the exposed referrals.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Annuity Suitability (A) Working Group Adopted FAQ Guidance Document  Adopted FAQ Guidance Document

The following document is being exposed for a 30-Day public comment period ending May 2nd, 2022.

Please send comments to Reggie Mazyck by close of business on May 2nd, 2022, 2022.

The following document is being exposed for a 60-Day public comment period ending January 27th, 2022.

Please send comments to Reggie Mazyck by close of business on January 27th, 2022.

Comments Received on the ILVA SG Exposure

The following document is being exposed for a public comment period ending May, 31st, 2022.

Please send comments to Reggie Mazyck by close of business on May 31st, 2022.

The following document is being exposed for a public comment period ending May, 17th, 2022.

Please send comments to Reggie Mazyck by close of business on May 17th, 2022.

The following documents are being exposed for a public comment period ending May, 9th10th, 2022.

Please send comments to Reggie Mazyck by close of business on May 9th10th, 2022.

The following document is being exposed for a 7-Day public comment period ending May, 11th, 2022.

Please send comments to Reggie Mazyck by close of business on May 11th, 2022.

The following document is being exposed for a public comment period ending April, 29th, 2022.

Please send comments to Reggie Mazyck by close of business on April 29th, 2022.

The following document is being exposed for a 28-day public comment period ending May 2nd, 2022.

Please send comments to Reggie Mazyck by close of business on May 2nd, 2022.

The following document is being exposed for a public comment period ending April, 29th, 2022.

Please send comments to Reggie Mazyck by close of business on April 29th, 2022.

The following document is being exposed for a public comment period ending April, 7th, 2022.

Please send comments to Reggie Mazyck by close of business on April 7th, 2022.

The following document is being exposed for a public comment period ending April, 22nd, 2022.

Please send comments to Reggie Mazyck by close of business on April 22nd, 2022.

The following document is being exposed for a 21-day public comment period ending March 23rd2022.

Please send comments to Reggie Mazyck by close of business on March 23rd, 2022.

The following document is being exposed for a 7-day public comment period ending March 2nd2022.

Please send comments to Reggie Mazyck by close of business on March 2nd, 2022.

The following comment letters are being exposed for a public comment period ending March 3rd, 2022.

Please send comments to Reggie Mazyck by close of business on March 3rd, 2022.

The following document is being exposed for a 21-Day public comment period ending March 3rd, 2022.

Please send comments to Reggie Mazyck by close of business on March 3rd, 2022.

The following document is being exposed for a public comment period ending March 18th2022.

Please send comments to Reggie Mazyck by close of business on March 18th, 2022.

The following document is being exposed for a public comment period ending March 21st, 2022.

Please send comments to Reggie Mazyck by close of business on March 21st, 2022.

The following document is being exposed for a public comment period ending January 14th2022.

Please send comments to Reggie Mazyck by close of business on January 14th, 2022.

The following document is being exposed for a public comment period ending January 24th2022.

Please send comments to Reggie Mazyck by close of business on January 24th, 2022.

The following document is being exposed for a public comment period ending February 4th, 2022.

Please send comments to Reggie Mazyck by close of business on February 4th, 2022.

 

Past Exposures: 

 

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.

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.

There are no Exposure Drafts at this time. 

Comments on the VM-22 Framework Exposure:

 

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

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

There are no exposure drafts at this time.

There are no exposure drafts at this time.

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.

Comments are requested by close of business April 21, 2022

ERISA Handbook case summary - Rutledge 

     Comments received 

PCMA

ATAP

Consumer Reps

NCPA 

AHIP

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

    New Draft Chapter 23-Conducting the Life and Annuity Examination April 19, 2022 Draft (Updated to correspond to revisions adopted by the NAIC in February 2020 to the Suitability in Annuity Transactions Model Regulation (#275))

    Please Note: The comments due date of May 20, 2022 has been extended to May 27, 2022 on the April 19, 2022 draft Chapter 23.  Please send an email to pwallace@naic.org if you would like to submit comments as track changes to Chapter 23 and a Word version of that chapter will be sent to you for that purpose.

    New Draft Chapter 24B-Conducting the MHPAEA-Related Examination April 19, 2022 Draft (Updated to correspond with updated federal guidance on Mental Health and Substance Use Disorder Parity Compliance)

    Please Note: The comments due date of May 20, 2022 has been extended to May 27, 2022 on the April 19, 2022 draft Chapter 24B. Please send an email to pwallace@naic.org if you would like to submit comments as track changes to Chapter24B, and a Word version of that chapter will be sent to you for that purpose.

      New Draft Chapter 20-General Examination Standards, Oct. 27, 2021 Draft (Revisions Relating to the Insurance Holding Company System Regulatory Model Act  (#440)

      Please note: The comments due date on the Chapter 20 Oct. 27, 2021 draft has been extended from May 20, 2022 to May 27, 2022. Please send an email to pwallace@naic.org if you would like to submit comments as track changes to Chapter 20, and a Word version of that chapter will be sent to you for that purpose.

      New Draft Chapter 21-Conducting the Property and Casualty Examination, April 19, 2022 Draft Revisions to the 4-19-22 draft are shown in yellow highlight (Revisions Relating to the Real Property Lender-Placed Insurance Model Act (#631)

      The posted revisions to the April 19, 2022 Conducting the Property and Casualty Examination chapter were adopted by the Working Group on its April 21, 2022 call.

      New Draft Chapter 21-Conducting the Property and Casualty Examination, Oct. 27, 2021 Draft (Revisions Relating to the Real Property Lender-Placed Insurance Model Act (#631)

      New Draft Chapter 24-Conducting the Health Examination, Sept. 30, 2021 Draft (Revisions Relating to the Health Maintenance Organization Model Act (#430)

      The draft Chapter 24 was adopted by the Working Group on its November 4, 2021 conference call,

      New Draft Chapter 25-Conducting the Medicare Supplement Examination, Sept. 27, 2021 Draft (Revisions Relating to the Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act (#651)

      The draft Chapter 25 was adopted by the Working Group on its November 4, 2021 conference call, the chapter underwent an additional revision as part of that adoption.

      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

      The Title SDRs were adopted by the Working Group on its September 2, 2021 conference call, the Title Claims SDR underwent an additional revision as part of that adoption.

      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 - STLD and Travel Scorecard Ratios

      STLD and Travel Scorecard Ratios Draft 2/4/2022 

      NAIC Market Regulation Handbook Analysis Chapters

      Ch. 6 - Basic Analytic Tools.docx as of 2/3/2021

      Ch. 7 - Putting It All Together: Market Analysis.docx as of 2/3/2021

      Ch. 8 - Enhancing State Market Analysis.docx as of 2/3/2021

      Ch. 9 - Appendix A.docx as of 2/18/2021

      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

      Artificial Intelligence (AI) in MIS Recommendations

      MIS R&D WG Statement on AI posted 10/20/2021

      RIRS Coding Change Proposal

      RIRS Coding Change Proposal  posted 3/25/2021

      There are no exposure drafts at this time.

      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:

       

      Comments Received:

       

       

      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.

      The following document are being exposed for a 30-Day public comment period. 

      Please send comments to Sherry Flippo by end of day, December 20th, 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 45-day public comment period ending June 13, 2022. Please send comments to Todd Sells and Aida Guzman.

        Regulator Responses to List of MWG Considerations - April 27 2022

         

        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 National Treatment and Coordination (E) Working Group is exposing the following proposal for a 30-day comment period. Please submit comments to Jane Barr by COB April 20, 2022.

        The Working Group is exposing the Comment List for a 30-day exposure period. Please submit comments to Dan Daveline by COB, April 29, 2022.

        The following are to assist in preparing language for the above Comment List.

        The Restructuring Mechanisms (E) Subgroup has exposed the following items with a public comment period ending June 20, 2022. Comments should be addressed to Co-Chairs, David Smith and Doug Stolte, and submitted to NAIC staff, Robin Marcotte.

        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 March 29, 2922

        Please address comment letters to Pat Gosselin, Chair of the Blanks (E) Working Group, and direct to NAIC staff, Mary CaswellCalvin Ferguson and Jill Youtsey.

        Ref. No. Description Comment Deadline
        2021-18BWG

        Modify the Life Insurance (State Page) to include the line of business detail reported on the Analysis of Operations by Lines of Business pages. Two new Schedule T style pages (Exhibit of Claims Settled During the Current Year and Policy Exhibit) are created to include detail captured by state on the existing Life Insurance (State Page) that could not be included due to space issues. Add definitions for life and annuity products to the lines of business definitions in the health appendix

        04/25/2022
        2021-22BWG This item proposes new reporting requirements for investment transactions with related parties. In addition to capturing direct loans in related parties, it will also capture information involving securitizations (or other similar investments) where the related party is a sponsor/originator along with whether the underlying investment is in a related party. 04/25/2022
        2022-01BWG Add new questions to General Interrogatories Part 1 asking if the reporting entity accepts cryptocurrency for payment of premiums, which cryptocurrencies are accepted, and whether they are held for investment or immediately converted to U.S. dollars (2021-24 SAPWG). 04/25/2022
        2022-02BWG Add four new electronic-only columns to Schedule D, Part 6, Section 1, for Column 16 – Prior Year Book/Adjusted Carrying Value (BACV), Column 17 – Prior Year Nonadmitted Amount, Column 18 – Prior Year Sub-2 Verified Value, and Column 19 – Prior Year VISION Filing Number (2021-22 SAPWG). 04/25/2022
        2022-03BWG Split Line 5 of the Quarterly Part 1 – Loss Experience and Part 2 – Direct Premiums Written into Line 5.1 – Commercial multiple peril (non-liability portion), and Line 5.2 – Commercial multiple peril (liability portion). 04/25/2022
        2022-04BWG Add a new supplement to capture premium and loss data for Annual Statement Line 17.1, Line 17.2, and Line 17.3 of the Exhibit of Premiums and Losses (State Page) – Other Liability by more granular lines of business. 04/25/2022
        2022-05BWG Add line numbers to the status data points in the Life/Fraternal, Health and Property/Casualty (P/C) Schedule T footnote. 04/25/2022
        2022-06BWG Revise the Health Annual Statement Test language in the annual statement instructions. 04/25/2022
        2022-07BWG Modify the Health Actuarial Opinion Instructions. Add definitions of “actuarial asset” and “actuarial liability.” Modify Section 4 – Identification, Section 5 – Scope, and Section 7 – Opinion to clarify that the actuary’s opinion covers actuarial assets as well as actuarial liabilities. Modify Section 9 to clarify that the guidance related to the type of opinion rendered by an appointed actuary covers both actuarial assets and actuarial liabilities. 04/25/2022
        2022-08BWG Modify the instructions in Section 1, Section 3, and Section 8 of the P/C Actuarial Opinion Instructions to reflect the changes adopted by the Actuarial Opinion (C) Working Group. 04/25/2022
        2022-09BWG Changes to the Life/Fraternal VM-20, Requirements for Principle-Based Reserves for Life Products, Reserves Supplement blank Part 2, and adding a Question 3, a disclosure of the year that the Life Principle-Based Reserving (PBR) Exemption was actively filed, and a confirmation of the eligibility criteria in the case of ongoing exemptions. Also, correct references to a state “granting” an exemption, since this is often not the case (e.g., the exemption may be allowed). For the VM-20 Reserves Supplement Instructions, add instructions for the new disclosure item, Question 3. Correct the references to a state “granting” an exemption. For the Supplemental Exhibits and Schedules Interrogatories (Quarterly Statement), for Question 8, add instructions on how to respond if the company is utilizing the ongoing exemption. The same instructions can also be found in the Valuation Manual, Section II, Subsection 1G(1).  
        2022-10BWG Add instructions to Schedule T, State pages and the A&H Policy Experience Exhibit to clarify guidance for reporting premium adjustments by jurisdiction.  
        2022-11BWG Update the Life/Fraternal Blank Asset Valuation Reserve (AVR) factors to correspond with the adopted Risk-Based Capital (RBC) factors for the expanded bond designation categories.  

         

         

        Exposure Drafts Outstanding
        Statutory Accounting Principles (E) Working Group
        Last Updated 4/7/2022

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

        For the status of all SAPWG agenda items, please refer to the Maintenance Agenda.

        EXPOSURES with COMMENT DEADLINE of MAY 6, 2022

        Principles-Based Bond Definition

        Draft Issue Paper

        SSAP No. 26R and SSAP No. 43R Principles-Based Bond Definition Exposed the principles-based bond definition (tracked revisions detail edits from prior exposures) as well as a draft issue paper that details past discussions and concepts in drafting the definition. (There are no proposed SSAP revisions at this time. SSAP revisions are likely to be considered after comments from this exposure are reviewed.)
        2022-03 Blanks: Various Schedules Premium Adjustments Allocated to Jurisdictions Exposed agenda item expresses support for a blanks proposal (2022-10BWG) with instructional changes to Schedule T, the State Page, and Accident and Health Policy Experience Exhibit (AHPEE) to clarify guidance for premium adjustments.

        2022-08

        INT 22-01

        SSAP No. 43R Freddie Mac When-Issued K-Deal (WI Trust) Certificates Exposed tentative interpretation clarifies that investments in the Freddie Mac “When Issued K-Deal” (WI) Program are in scope of SSAP No. 43R.
        2021-21

        SSAP No. 25

        SSAP No. 43R

        Related Party Reporting Exposed revisions clarify the identification and reporting requirements for affiliated transactions and incorporate new reporting codes in the investment schedules to identify investments held that involve related parties. This agenda item has a corresponding blanks proposal (2021-22BWG).
        EXPOSURES with COMMENT DEADLINE of JUNE 3, 2022

        2021-20

        Exhibit A

        Excluded Components

        SSAP No. 86 ASU 2017-12 Effective Derivatives Exposed revisions propose: 1) a new Exhibit A, which will replace both Exhibit A and Exhibit B of SSAP No. 86 that adopts with modification U.S. GAAP guidance in determining hedge effectiveness, and 2) revised measurement methods for excluded components in hedging instruments.

        2022-01

        IP No. 16X – Assets

        IP No. 16X – Liabilities

        Preamble

        SSAP No. 4

        SSAP No. 5R

        Conceptual Framework Updates Exposed revisions incorporate: 1) updates from the Financial Accounting Standards Board Concepts Statement No. 8, Conceptual Framework for Financial Reporting—Chapter 7, Presentation, which identifies factors to consider for how items should be displayed on the financial statements; and 2) Concepts Statement No. 8, Conceptual Framework for Financial Reporting—Chapter 4, Elements of Financial Statements, which updates the definitions of an asset and a liability.
        2022-02 SSAP No. 48 Alternative Valuation of Minority Ownership Interests Exposed revisions propose to either eliminate the audited U.S. tax basis equity valuation exception or clarify that the U.S. tax basis equity audit shall occur at the investee level.
        2022-04 SSAP No. 24 Government Assistance Exposed revisions incorporate certain disclosures from ASU 2021-10, Government Assistance, Disclosures by Business Entities about Government Assistance regarding terms and provisions of assistance received
        2022-05 SSAP No. 22R Leases, Discount Rates for Lessees Exposed revisions reject ASU 2021-09, Leases Discount Rate for Lessees That Are Not Public Business Entities for statutory accounting
        2022-06

        SSAP No. 104R

        Stock Compensation Exposed revisions incorporate the practical expedient from ASU 2021-07, Compensation – Stock Compensation, Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards for the current price input, a required component for option-pricing models utilized in determining fair value for share-based payments

        2022-07

        SSAP No. 47

        SSAP No. 68

        Business Combinations Exposed revisions reject ASU 2021-08, Business Combinations, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers for statutory accounting. Revisions in SSAP No. 68 also note that rejection does not impact the determination of U.S. GAAP book value in an acquired entity

        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.

        Request for comment to solicit feedback regarding the review of the RBC treatment of asset backed securities (ABS) including collateralized loan obligations (CLOs), collateralized fund obligations (CFOs), or other similar securities carrying similar types of tail risk.

        Please direct all comments to Jane Barr  by COB February 28, 2022.

         

        The Health Risk-Based Capital (E) Working Group is exposing the following proposals for a 61-day comment period. Please submit comments to Crystal Brown by COB July 5, 2022.

        Exposure of the following documents.  

        Comments should be sent electronically to Dave Fleming by COB Wednesday, May 25, 2022.


        Exposure of the Proposed Asset Valuation Reserve Factor Changes

        Comments should be sent electronically to Dave Fleming by COB Friday, March 25, 2022.


        Exposure of the C-2 Mortality Proposal

        Comments should be sent electronically to Dave Fleming by COB Monday, March 7, 2022.


        Exposure of the American Academy of Actuaries’ C-2 Mortality Work Group Recommendation on C-2 Mortality Factor Updates

        Comments should be sent electronically to Dave Fleming by COB Monday, January 10, 2022.


        Exposure of the Guidance Document on Bond Factor Changes  

        Comments should be sent electronically to Dave Fleming by COB Thursday, December 9, 2021.


        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 Working Group is exposing the following, please submit comments to Eva Yeung.

        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 public comment period ending October 27, 2021. 

        Please send any comments to Ralph Villegas by close of business Oct. 27th. 

        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 Task Force has released the attached draft Model Law Development Request (MLR) for a 30-day public comment period ending May 6, 2022. Included with the MLR is a March 28, 2022, referral memorandum from the Restructuring Mechanisms (E) Working Group explaining the need for revisions to the Property & Casualty Insurance Guaranty Association Model Act (#540).

          As noted during yesterday’s meeting, while the MLR contains draft model language, any drafting would not be finalized until after the Executive (EX) Committee approves the MLR.

          Also as recommended at the meeting, the MLR reflects that the Receivership Law (E) Working Group would be delegated to work on drafting.

          Please send comments to jkoenigsman@naic.org by close of business, May 6, 2022.

           

          There are no Exposure Drafts at this time. 

          There are no exposure drafts at this time.

          There are no exposure drafts at this time.

          At the May 19 regulator-only meeting of the Mutual Recognition of Jurisdictions (E) Working Group, the Working Group directed NAIC staff to expose the draft NAIC List of Jurisdictions that Recognize and Accept the Group Capital Calculation, for a 30-day public comment period, ending on Monday, June 20, 2022.

          With this exposure, the Working Group is asking for comments on the form and content of the list as it is drafted and comments on if there are any listed jurisdictions that require a group capital filing for any U.S. based insurance group’s operations in that jurisdiction.

          There are no exposure drafts at this time.

          The following item is exposed for a 30-day public comment period ending Friday, May 20, please submit comments electronically to Becky Meyer.

          RRG Preliminary Memorandum and related RRG Best Practices updates

          The proposed Preliminary Memo is intended to be prepared by a domestic state upon initial licensure of an RRG prior to preparing an Insurer Profile Summary (IPS). The document can be provided, upon request, to non-domiciliary states an RRG is registering in. The Preliminary Memo can then form the basis for the IPS once the RRG begins writing business and submits financial filings.

          The following document is being exposed for a 45-day comment period:

          Add Fixed Income Analytical Risk Measures to Investments Reported on Schedule D, Part One

          Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by Friday, May 20, 2022.

          There are no exposure drafts at this time.

          There are no exposure drafts at this time.

          At the 2022 Spring National Meeting, the Financial Regulation Standards and Accreditation (F) Committee exposed the following items. Comment letters should be sent to Becky Meyer at bmeyer@naic.org by Friday, May 6, 2022.

          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: Comment letters should be sent to Becky Meyer (bmeyer@naic.org) via email by December 31, 2022.

          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.

          There are no exposure drafts at this time.

          There are no exposure drafts at this time.