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.
Comments due to Tim Nauheimer and Todd Sells by COB Feb. 10, 2020
Liquidity Stress Test Framework Draft
See Financial Stability (EX) Task Force page for Liquidity Stress Test Framework Draft Exposure Document
ND Draft Anti-Rebating Bulletin 11/25/19
ND Draft Anti-Rebating Bulletin 10/4/19
ND Anti-Rebating Guideline 7/23/19
AIWG Principles Draft V3 Clean
AIWG Principles Draft V3
The comment period has been extended to March 18, 2020. Send comments to Denise Matthews.
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 275-8 Draft.pdf Adopted by the Committee Dec. 30, 2019
There are no exposure drafts at this time.
There are no exposure drafts at this time.
7-15-19 Draft #245 Index Revisions
3-7-19 Draft #245 Index Revisions
Comments due April 26, 2019
Index History from Allianz w/ cover ltr.
3-22-19 Liftik comment w/ 3 att
PREVIOUS DRAFTS and COMMENTS
6-5-18 Draft #245 Index Revisions
Comments requested by July 1
Comments Received
Model 275 Draft.pdf Adopted by the Committee Dec. 30, 2019
Comments on Timing for Delivery of Policy Overview:
For comment until close of business Friday, June 21, 2019
- 5-20-19 draft revisions MO 580
- 5-16-19 overview sample form only
- 5-16-19 overview sample form--filled in.
MO580 10-9-18 draft for comment by 12-10-18
Comments
CEJ 11-7-18 comments on 10-9-18 draft
7-25-18 Draft Revisions to Model #580
7-25-18 Draft Revisions to Model #582
Comments are due close of business Aug. 31, 2018
Comments Recieved
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.
Draft Committee 2019 Revised Charges
Also see the Master Issue Resolution Document (IRD) (Updated 10/1/10)
Copy of QTL Template.xlsx Pennsylvania Draft QTL Template Draft March 9, 2020
QTL Template Instructions Exposure.docx QTL Draft Template Instructions March 10, 2020
MHPAEA assumptions exposure.docx MHPAEA Draft Assumptions March 10, 2020
There are no exposure drafts at this time.
Revised Draft Model #170 — 10-17-18
(To be considered for adoption by Regulatory Framework (B) Task Force at Fall National Meeting)
Draft Revisions to the Accident and Sickness Insurance Minimum Standards Model Act (#170)
(07/23/2018)
ERISA Handbook OCTOBER 11, 2018 Draft
Comments requested by October 26, 2018
ERISA Handbook Draft Revisions 7-20-18 (footnotes corrected 8/16/18)
Comments requested by 9-28-18
HMO Model Rev.pdf Draft Dated Feb. 6, 2020
There are no exposure drafts at this time.
Insurance Disaster Response Plan
Comments due to Sara Robben by Jan. 10, 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.
Workers' Compensation Policy and the Changing Workforce
Comments due to Sara Robben by Jan. 10, 2020.
Overview of Travel MCAS Proposal Review and Rejection
Comment Deadline - July 25, 2018
There are no exposure drafts at this time.
Health MCAS Adopted Materials - May 2, 2019
Private Flood MCAS Proposal Draft
Health MCAS Interim Meeting Results and Drafts
- Health MCAS Meeting Recap
- Health MCAS Blanks Draft
- Health MCAS Data Call and Definitions Draft
- Health MCAS FAQ Draft
Comments:
- Comments from ACLI on CEJ Proposal (8/11/2017)
- Comments from CEJ in response to ACLI (9/27/2017)
- Comments from ACLI on CEJ Proposal (10/20/2017)
- Comments from CEJ in response to ACLI (10/29/2017)
- Comments from CEJ in response to ACLI (11/13/2017)
- Comments from ACLI (11/13/2017)
New Inland Marine Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook
Comments Due Date: April 15, 2020
Comments Due Date: April 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.
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.
The Antifraud Technology (D) Working Group is assessing whether changes should be made to the April 2011 Antifraud Plan Guideline developed by the Antifraud (D) Task Force. The Working Group is asking for comment/suggestions by Friday, January 10, 2020.
Comments Recieved by December 31, 2019
Comments Applied to Guideline
There are no exposure drafts at this time.
There are no exposure drafts at this time.
Relocated from the Producer Licensing (EX) Working Group page
Limited Lines - Pet Insurance
During the 2016 Fall National Meeting the Producer Licensing (EX) Working Group received a presentation from Nationwide Insurance regarding Limited Line Pet Insurance. The presentation provides a proposal from Nationwide Insurance asking that the Working Group revise the Uniform Licensing Standards - #37 Standards for Non-Core Limited Lines to remove Pet Insurance as a limited line. An open comment period concerning this proposal was distributed with a deadline of January 20th. Comments received can be found listed below. The Working Group will discuss the comments and determine appropriate direction for this proposal.
Comments:
- Tennessee DOI
- Washington DOI
- Puerto Rico DOI
- Aspen Insurance
- Center for Economic Justice
- Great Plains SPCA
- Humane Society
- Consumer - Lowry
NAIC CE Classroom Course Recommendation
(Adopted by PLWG on May 16, 2016)
State Licensing Handbook
The Producer Licensing (EX) Working Group extended the biennial review of the handbook so Working Group members could review all 30 chapters for any additional revisions.
Please note: The Table of Contents and Appendix were pulled from the draft document as they are not confirmed until revisions have been adopted. In addition, any technical edits will not be shown in the draft document. All technical edits will be completed at the NAIC prior to publication.
Below is the adopted revisions to the Handbook adopted by the Producer Licensing (EX) Task Force. The revisions will be presented to the EX Committee at the 2016 Spring NAIC National Meeting.
Revisions:
- State Licensing Handbook Revisions (W/Track Changes)
During the 2015 Fall National Meeting the Uniform (EX) Subgroup presented the Producer Licensing (EX) Working Group with a draft of the CE Classroom Course Recommendations. The comment period has been opened until December 11, 2015. The Working Group will hold a conference call prior to the 2016 Summer NAIC National Meeting to discuss and potentially adopt.
State Licensing Handbook Review
The Producer Licensing Uniformity (D) Working Group has been given the charge to review the State Licensing Handbook. In order to complete this charge by the Fall National Meeting, the Working Group will be conducting the review chapter by chapter. The Working Group will split out the review process into sections consisting of five chapters for each review period. The chapters for review and the deadline for comment on each can be found attached below. Any comments received will be posted as they are received.
The Working Group will hold multiple conference calls to complete the review process. The conference call dates and registration link for each conference call has posted below. The Working Group will review each chapter and adopt revisions before moving to the next. The goal is for the Working Group to present the updated version of the handbook to the Producer Licensing (D) Task Force by the end of October.
CONFERENCE CALL DATES REGISTRATION LINKS
- Wednesday, August 21, 2019 at 3 pm EST http://dpregister.com/10134469
- Thursday, August 29, 2019 at 3 pm EST http://dpregister.com/10134473
- Thursday, September 12, 2019 at 3 pm EST http://dpregister.com/10134476
- Thursday, September 26, 2019 at 3 pm EST http://dpregister.com/10134478
- Thursday, October 10, 2019 at 3 pm EST http://dpregister.com/10134477
- Thursday, October 24, 2019 at 3 pm EST http://dpregister.com/10134487
- Wednesday, October 30, 2019 at 3 pm EST http://dpregister.com/10134475
CHAPTERS & DEADLINES
- Chapters 1 – 5
- Chapters 6-10
- Chapters 11-15 (Comment Deadline Monday, August 19, 2019)
- Chapters 16-20 (Comment Deadline Friday, August 30, 2019)
- Chapters 21-25 (Comment Deadline Friday, September 13, 2019)
- Chapters 26-30 (Comment Deadline Friday, September 27, 2019)
COMMENTS RECEIVED:
- No comments at this time.
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
The Working Group is reviewing the Continuing Education Reciprocity (CER) Agreement. The NAIC's General Counsel has advised 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 is that the Working Group will create a new CER Agreement. The first draft of the 2019 CER Agreement was exposed on March 29, 2019. The Working Group will continue to review and accept comment until the Agreement has been fully reviewed and a uniform decision has been adopted.
Draft 1 - Version 3.29.19
Comments Received By 4.16.19
Summary of Changes Made during the 4.16.19 Conference Call
Draft 2 – Version 4.17.19
Comments Received (Deadline for Draft 2)
Draft 2 – Version 5.15.19
There are no exposure drafts at this time.
There are no exposure drafts at this time.
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There are no exposure drafts at this time.
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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 March 24, 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 | |
| 2020-09BWG | Modify the Annual Statement Instructions for Schedule F, Part 3 to reflect the factors for all uncollateralized reinsurance recoverable from unrated reinsurers being the same for authorized, unauthorized, certified and reciprocal reinsurance. | 5/11/2020 | |
| 2020-10BWG | Revise the column 10 header in the Variables Annuities Supplement blank to be Contract Level Reserves Less Cash Surrender Value. Revise the line descriptions in line 1 through line 3 in the footer and add a line for the Reserve Credit from Other Reinsurance and for Post-Reinsurance Ceded Aggregate Reserve. Adjust the instructions to correspond with changes made to the blanks as well as changes in the 2020 Valuation Manual for the new Variable Annuities Framework. | 5/11/2020 | |
| 2020-11BWG | For the VM-20 (Requirements for Principle-Based Reserves for Life Products, Reserves) Supplement blank, split Part 1 into Part 1A and Part 1B. For Part 1A: change the description header for column 3 to be “Due and Deferred Premium Asset” to match the instructions. Add “XXX” in the two places needed to indicate that a due and deferred premium asset does not need to be reported in the lines shown for Total Reserves. Change the reporting units for all columns to be in dollars rather than in thousands. Expand all columns to allow room for a number as large as 999,999,999,999. Change the product labels for clarity. For Part 1B: change the reporting units for the reserve columns to be in dollars rather than in thousands. Expand the reserve columns to allow room for a number as large as 999,999,999,999. Expand the face amount columns to allow room for a number as large as 9,999,999,999. Change the product labels for clarity. Remove Part 2 and re-number the remaining parts. Adjust the instructions according to the changes made to the blanks. Clarify instructions and add examples for Parts 1A and 1B. | 5/11/2020 | |
| 2020-12BWG | The proposal will require appointed actuaries to attest to meeting Continuing Education (CE) requirements and participate in the Casualty Actuarial Society (CAS)/Society of Actuaries (SOA) CE review procedures, if requested. These proposed changes were adopted by the Accounting Practices and Procedures (E) Task Force on January 28, 2020. | 5/11/2020 | |
| 2020-13BWG | Remove Line 24.04 from the General Interrogatories, Part 1 and renumber remaining lines for Interrogatory Question 24. Modify Lines 24.05 and 24.06 to require reporting amounts for conforming and non-conforming collateral programs. | 5/11/2020 | |
| 2020-14BWG | Modify the columns and rows on the blank pages for the Long-Term Care Experience Reporting Form 1 through Form 5 and make appropriate changes to the instructions for those forms. | 5/11/2020 | |
| 2020-15BWG | A new Private Flood Insurance Supplement collecting residential and commercial private flood insurance data and revisions to the Credit Insurance Experience Exhibit (CIEE) to collect lender-placed flood coverages. | 5/11/2020 | |
| 2020-16BWG | Modify Question 3.1 and Question 3.2 of General Interrogatories Part 2 and provide instructions for the questions. | 5/11/2020 | |
| 2020-17BWG | Adjust the asset valuation reserve (AVR) presentation to include separate lines for each of the expanded bond designation categories. | 5/11/2020 | |
| 2020-18BWG | Clarify the instructions to indicate which funds reported on Schedule D, Part 2, Section 2 (annual filing) and Schedules D, Part 3 and Part 4 (quarterly filing) must have NAIC Designation, NAIC Designation Modifier and SVO Administrative Symbol. Modify the reference to the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) found in the following investment instructions. | 5/11/2020 | |
| 2020-19BWG | Add a code of “%” to the code column for all investments which have been reported Schedule DA, Part 1 and Schedule E, Part 2 for more than one consecutive year. Add certification to the General Interrogatories, Part 1 inclusion of these investments on Schedule DA, Part 1 and Schedule E, Part 2. | 5/11/2020 | |
| 2020-20BWG | For Schedule D, Part 1, add code “9” to Column 23 – Collateral Type for ground lease financing. Renumber “Other” code to 10. | 5/11/2020 | |
| 2020-21BWG | Add new Line 4.05 for valuation allowance for mortgage loans to the Summary Investment Schedule and renumber existing Line 4.05 to Line 4.06. Modify the instructions to include a crosscheck for new Line 4.05 back to Schedule B – Verification Between years. Clarify the instructions for LIne 4.01 through Line 4.04 to explicitly show crosschecking to Column 8 of Schedule B, Part 1. | 5/11/2020 | |
| 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, Section 1 and Section 2. | 5/11/2020 | |
| 2020-23BWG | Add footnote to Exhibit 5 (life/fraternal and health – life supplement) and Exhibit 3 separate accounts to disclose cases when a mortality risk is no longer present or a significant factor; i.e., due to a policyholder electing a payout benefit. | 5/11/2020 | |
| 2019-25BWG Modified | Modify the instructions for Column 10, Schedule F, Part 3 – Property and Schedule F, Part 2 – Life/Fraternal Workers’ Compensation Carve-out supplement, removing instruction to exclude adjusting and other reserves from the column. Add instructions to include those with the defense and cost containment reserves. Add a new instruction for Column 12 for the same schedules. Add crosschecks to Schedule P, Part 1. | 2/21/2020 | |
| 2019-28BWG | Modify the instruction for Supplemental Investment Risk Interrogatories Lines 13.02 through 13.11 clarifying when to identify the actual equity interests within a fund and aggregate those equity interests for determination of the ten largest equity interests. | 2/21/2020 | |
| 2019-29BWG | Modify the instruction and blank for Supplemental Investment Risk Interrogatories Question 14.01. | 2/21/2020 | |
| 2019-30BWG Modified | Add a category and instructions for Reciprocal Jurisdiction Companies in Schedule S for the life/fraternal and health blanks and to Schedule F for the property and title blanks. Add a list of identification numbers in instructions to Schedule Y, Part 1A, Schedule Y, Part 2 and Schedule D, Part 6, Section 1 for Reciprocal Jurisdiction Companies. Add a reference to Reciprocal Jurisdiction Companies in the Trusteed Surplus Statement instructions for life/fraternal, health and property statements. | 2/21/2020 | |
| 2020-01BWG | Add crosschecks to Lines 13 and 14 of the State Page to Lines 10 and 11 of the Underwriting and Investment Exhibit, Part 1. Also add crosschecks to Lines 9, 10 and 11 of the Underwriting and Investment Exhibit, Part 1 and Schedule T, Line 61. | 2/21/2020 | |
| 2020-02BWG Modified |
|
2/21/2020 | |
| 2020-03BWG Modified |
|
2/21/2020 | |
| 2020-04BWG |
|
2/21/2020 | |
| 2020-05BWG Modified |
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2/21/2020 | |
| 2020-06BWG Modified |
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2/21/2020 | |
| 2020-07BWG |
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2/21/2020 | |
| 2020-08BWG Modified |
|
2/21/2020 |
Exposure Drafts Outstanding
Statutory Accounting Principles (E) Working Group
Last Updated 3/20/2020
Please address comment letters to Dale Bruggeman, Chair of the Statutory Accounting Principles (E) Working Group, and direct to Julie Gann, Robin Marcotte, Jim Pinegar, Fatima Sediqzad and Jake Stultz.
NOTE: Exposed INT 20-02, INT 20-03 and INT 20-04 Address COVID-19
| EXPOSURES with COMMENT DEADLINE of APRIL 2, 2020 | |||
|---|---|---|---|
|
SSAP No. 15 SSAP No. 22R SSAP No. 86 |
ASU 2020-04 - Reference Rate Form | This INT adopts the FASB guidance for transitioning from LIBOR. INT provides waivers from derecognizing hedging transactions and provides some exceptions for assessing hedge effectiveness as a result of transitioning away from LIBOR. This INT has a sunset provision that mirrors the U.S. GAAP guidance. | |
| INT 20-02 |
SSAP No. 6 SSAP No. 65 |
Extension of Ninety-Day Rule for the Impact of COVID-19 | Extend 90-Day Rule for COVID-19. This INT provides exception to the 90-day rule for nonadmittance required in SSAP No. 6 for premiums and SSAP No. 65 for high deductible policies. (The reference to SSAP No. 65 has been included per P/C industry request). This INT is applicable only for 1st and 2nd quarter. |
| INT 20-03 | SSAP No. 36 | Troubled Debt Restructuring Due to COVID-19 | This INT refers to a Federal and state banking regulator joint statement on their approach to the accounting for loan modifications in response to COVID-19. The INT proposes to adopt the interagency statement. This INT will be considered for nullification once no longer applicable. |
| INT 20-04 |
SSAP No. 30 SSAP No. 37 SSAP No. 43R SSAP No. 48 |
Mortgage Loan Impairment Assessment Due to COVID-19 | This INT provides limited time exceptions for impairment assessments related to mortgage loans and investments with underlying mortgage loans. This INT would not require an impairment classification under SSAP No. 37 for mortgage loans deferred/modified in response to COVID-19. It also provides limited-scope provisions for assessing impairment for investments with underlying mortgage loans impacted due to fair value declines if the entity does not intend to sell. This INT is only applicable for 1st and 2nd quarter. The exception in this INT would only defer the assessment of impairment due to situations caused by the forbearance or modification of mortgage loan payments. |
| EXPOSURES with COMMENT DEADLINE of MAY 1, 2020 | |||
| 2019-20 | SSAP No. 2R | Rolling Short-Term Investments | Exposed revisions restrict the classification of certain related party or affiliated investments as cash equivalent or short-term investment. Additionally, a disclosure was to identify investments which remain on the short-term schedule for more than one year. A concurrent blanks exposure will also recommend a reporting code for renewed short-term investments as well as a new general interrogatory to certify re-underwriting has occurred. |
| 2019-25 | Working Capital Finance Investments | Re-exposed agenda item and exposed a preliminary issue paper. The revisions update the Working Capital Finance Investments program requirements. | |
| 2019-36 |
SSAP No. 51R SSAP No. 53 SSAP No. 54R SSAP No. 59 |
Expand TPA and MGA Disclosures | Exposed revisions expand the MGA/TPA disclosure. The new revisions from the prior exposure incorporate a reference to the NAIC model definition of a TPA, and a different measurement for a claim processing threshold. |
| 2019-37 | SSAP No. 41R | Surplus Notes – Enhanced Disclosures | Exposed revisions expand surplus note structure disclosures. |
| 2019-42 | SSAP No. 2R | Cash Equivalent – Cash & Liquidity Pools | Exposed revisions reflect that certain cash/liquidity pools, meeting defined criteria, may be reported as cash, cash equivalents, or short-term investments. |
| 2019-47 |
SSAP No. 3 SSAP No. 51R |
VM-21 Grading | Re-exposed agenda item incorporating revisions to remove the previously proposed accounting in special surplus and incorporating terminology revisions. Also directed notification to the Life Actuarial (A) Task Force of this exposure. |
| 2020-01 |
SSAP No. 26R SSAP No. 30R |
Update / Remove References to SVO Listings | Exposed revisions eliminate references to the NAIC Bond Fund List. The revisions also add reference to the “NAIC Fixed-Income Like SEC Registered Funds List” in SSAP No. 30R. |
| 2020-06EP |
SSAP No. 21R SSAP No. 51R |
Editorial and Maintenance Update | Exposed editorial revisions. |
| 2020-07 |
A-001 Blanks |
Changes to the Summary Investment Schedule | Exposed revisions to Appendix A-001, Section 3, Summary Investment Schedule adds a line for Total Valuation Allowance. |
| 2020-08 | SSAP No. 47 | ASU 2016-20, Technical Corrections & Improvements – Topic 606 | Exposed revisions reject ASU 2016-20 in SSAP No. 47. |
| 2020-09 | SSAP No., 47 | ASU 2018-18, Collaborative Arrangements | Exposed revisions reject ASU 2018-18 in SSAP No. 47. |
| 2020-10 | Appendix D | ASU 2017-14, Amendments to SEC Paragraphs in Topic 220, 605 and 606 | Exposed revisions reject ASU 2017-14 for statutory accounting. |
| 2020-11 | Appendix D | ASU 2020-02, Amendments to SEC Paragraphs in Credit Losses and Leases | Exposed revisions reject ASU 2020-02 for statutory accounting. |
| EXPOSURES with COMMENT DEADLINE of MAY 29, 2020 | |||
| 2019-04 | 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 16-01 |
Repeal of the Affordable Care Act Section 9010 Assessment | Exposed the intent to supersede SSAP No. 106 and nullify INT 16-01, 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. |
| EXPOSURES with COMMENT DEADLINE of JUNE 26, 2020 | |||
| 2019-21 |
SSAP No. 43R |
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. |
The Capital Adequacy (E) Task Force is re-exposing the bond structure proposal for a 10-day comment period ending March 23, 2020. The Bond Structure is being re-exposed due to clarifications/corrections in the electronic table Health and Property & Casualty formulas. See proposal form Staff Notes for details. Please submit comments to Jane Barr.
The following proposal is exposed for a 32-day comment period ending March 16. All 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 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
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:
- American Academy of Actuaries (AAA) proposed instructions for the C-3 Phase I proposal
- Modified C-3 Phase 3 Scope Proposal
- Comment Letters Received:
- AAA Draft C-3 Instructions and Appendices
- Comment Letters Received:
- AAA September 2009 Report on RBC C3 Requirements for Life Products
Please send any comments on the exposure drafts to Dave Fleming.
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.
There are no exposure drafts at this time.
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:
- American Academy of Actuaries
- Connecticut Department of Insurance
- New York Life and Northwestern Mutual
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.
There are no exposure drafts at this time.