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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 Commissioner Scott White (VA) and Commissioner Michael Conway (CO), please find below the first draft of the actuarial sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for a 45-day public comment period.  Please note this first draft represents only the actuarial sections of the Framework.

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business Monday, July 26, 2021.

 

The Task Force has released the operational sections of the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for a 45-day public comment period. This first draft represents only the operational sections of the Framework. Additional sections will be released for comment when available.

Comments should be sent electronically to NAIC staff Jane Koenigsman by close of business Monday, May 24, 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.

There are no exposure drafts at this time.

At the direction of Commissioner Scott White (VA) and Commissioner Michael Conway (CO), please find below the first draft of the actuarial sections to the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for a 45-day public comment period.  Please note this first draft represents only the actuarial sections of the Framework.

Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business Monday, July 26, 2021.

 

The Task Force has released the operational sections of the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for a 45-day public comment period. This first draft represents only the operational sections of the Framework. Additional sections will be released for comment when available.

Comments should be sent electronically to NAIC staff Jane Koenigsman by close of business Monday, May 24, 2021.

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

There are no exposure drafts at this time.

Adopted FAQ Guidance Document, Draft Dated May 10 Adopted FAQ Guidance Document

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 VM-22 (A) Subgroup is exposing the Academy Annuity Reserves Work Group (ARWG) presentation on the Preliminary Framework Elements for Fixed Annuity PBR for a 45-day public comment period ending Dec. 14.

    Please submit comments to Reggie Mazyck (RMazyck@naic.org) by close of business Dec.14.

    There are no exposure drafts at this time.

    There are no exposure drafts at this time.

    PBM Model Draft As Adopted by the Regulatory Framework (B) Task Force (March 18, 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 Task Force (March 18, 2021)

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

    PBM Model Draft As Adopted by the Regulatory Framework (B) Task Force (March 18, 2021)

    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.

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

    Comments Due Date on both Title SDRs is: April 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

     

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

      Comments Due Date on both Title SDRs is: April 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

       

      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

      • CEJ 5/1/2021

      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 Group Capital Calculation (E) Working Group is exposing the following items for comment through May 10, 2021.  Please submit comments to Lou Felice.

      • Attachment A is edited Group Capital Calculation (GCC) instructions incorporating prior comments. Further clarification requested in Appendix 1 (Excess Relative Ratio Scalars) will be distributed later. Additional instructions regarding potential stress scenarios have been incorporated into Attachment B for now. The Table of Contents for the GCC Instructions will be updated later to add the new tabs for Stress Inputs and Stress Summary, and some addtional brief instructions will be added as well.
      • Attachment B is the stress testing proposal with some edits and additional instructions marked.  If adopted it is proposed that this could be added as a second Appendix to the GCC Instructions.
      • Attachment C is the GCC Template which has been slightly updated to address consistencies with the edited instructions and now includes new tabs for Stress Inputs and Stress Summary.


      The Working Group is exposing the following items for comment through Tuesday May 25, 2021.  Please submit comments to Lou Felice at lfelice@naic.org

      Adopted Group Capital Calculation (GCC) instructions with revised language related to the addition of the stress scenario highlighted on pages 44, 47, 52 and 53 . Also highlighted is additional language at the end of Appendix 1 (page 52) related to the source of the Excess Relative Ratio scalars.  The remainder of the instructions have been adopted by the Group Capital Calculation (E) Working Group.  Please limit your comments to only the highlighted language.

      The GCC Template in final form for adoption with the exception of the parts related to the Stress Scenario (placement of the text box for the narrative in the “Input 6” tab and the addition of the “Stress Inputs” tab and “Stress Summary” tab).  Please focus your comments on these areas.

      With the exception of the areas exposed for further comment, the remainder of the instructions and template are final for the 2021 GCC Trail Implementation. The materials have also been posted to the “2021 GCC Trial Implementation” tab on the GCCWG webpage and will be updated later based on final disposition of the stress scenario additions.


      A drafting group made of a small number of regulators and interested parties from the Group Capital Calculation (E) Working Group were asked to collectively work together to develop draft guidance for how to incorporate the GCC into the regulatory process with respect to the Financial Analysis Handbook. In the end, the regulators and NAIC staff developed such guidance, then high-level findings and recommendations of a small group of Interested Parties was provided to, and considered by, the drafting group, who modified the draft guidance to try and address the recommendations.

      Please direct all comments to Dan Daveline (ddaveline@naic.org) by July 31.

       

      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 Working Group is re-exposing the following proposal for a 30-day comment period. Clarifying language was added to application form (2P) to indicate that company sub-type is applicable information. Please submit comments to Jane Barr by COB June 16, 2021.

      The Working Group will consider the following proposal for adoption at the same time as Proposal 2021-01; comments were previously requested.

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.

      There are no exposure drafts at this time. 

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.

      Blanks (E) Working Group
      Items Received for Comment

      Last Updated May 26, 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
      2021-10BWG

      Remove language in quarterly General Interrogatories Part 1, Line 4.1 that requires filing of a quarterly merger/history form. The annual form shall still be required.

      6/25/2021
      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. 6/25/2021
      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. 6/25/2021
      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. 6/25/2021
      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. 6/25/2021

       

       

      Exposure Drafts Outstanding
      Statutory Accounting Principles (E) Working Group
      Last Updated 5/26/2021

      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 JULY 15, 2021

      2019-21 Proposed Bond Definition SSAP No. 43R

      Exposed the substantive proposed bond definition to be used for all securities in determining whether they qualify for reporting on Schedule D-1 – Long-Term Bonds. The definition intends to reflect principle concepts to ensure appropriate consideration on whether a structure qualifies as an issuer credit obligation or an asset-backed security prior to reporting as a bond.

      2021-04

      SSAP No. 48

      SSAP No. 97

      SSAP No. 97 – Valuation of Foreign Insurance SCAs

      Exposed revisions to indicate that the equity method valuation referenced in SSAP No. 97 can result in a negative equity valuation and to limit the statutory adjustments in SSAP No. 97, paragraph 9. The exposure requests public comments on language suggested by interested parties that foreign insurance SCAs shall stop at zero (and thus not be subject to negative equity valuations) when applying paragraph 9 adjustments in cases where the foreign insurance subsidiary is not engaged in providing services to, or holdings assets on behalf of, U.S. insurers.

      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 Task Force is exposing the following proposals.

      Please submit comments to Jane Barr (link to email) by COB May 28, 2021.

      Please submit comments to Crystal Brown by COB May 21, 2021.

       

      The Health Risk-Based Capital (E) Working Group is exposing Proposal 2021-09-H – Bond Factors for a 25-day comment period. Comments should be sent electronically to Crystal Brown by COB Friday, May 21, 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 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.

      The Catastrophe Risk (E) Subgroup is exposing the below memo for a 30-day comment period. Please submit comments to Eva Yeung by COB Tuesday, May. 25, 2021.

      • Memo (Proposed Changes to the P/C RBC Catastrophe Component)

      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. 

      The following document has been exposed for public comment: 

      • MO440 - Section 5A(1)(g)

      Please send comments electronically to Jane Koenigsman by Friday, April 9, 2021.  

       

      The Receivership Financial Analysis (E) Working Group (R-FAWG) of the Receivership and Insolvency (E) Task Force (RITF) requests feedback on any recommended best practices for overcoming challenges that states, receivers, and guaranty associations have faced in the administration of a receivership due to the current pandemic and related travel/business restrictions, work-from-home, economic impact, etc.

      • Please consider including a description of the following, specific to the administration of receiverships during the pandemic:
        • Challenges or issues you’ve faced
        • Best practice(s) for overcoming and dealing with the challenge/issue
        • Circumstances to avoid or watch for
        • Critical planning steps and processes to consider
        • Identify any increased cyber security protocols or data security protocols to consider
      • Please do not include names of insurance companies, persons or entities. If any part of your feedback/best practices should be for regulators only, please label it as such.

       

      The feedback received is intended to be compiled and made available to serve as a helpful aid as we navigate the receivership process in the current environment.

       

      Please submit feedback to jkoenigsman@naic.org

      The following document has been exposed for public comment: 

      • MO440 - Section 5A(1)(g)

      Please send comments electronically to Jane Koenigsman by Friday, April 9, 2021.  

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

      Comments should be sent electronically to Jake Stultz and Dan Schelp by COB Tuesday, July 6, 2021.

       

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

      Comments should be sent electronically to Jake Stultz and Dan Schelp by COB Tuesday, July 6, 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. Comments should be send electronically to Charles Therriault and Denise Genao-Rosado by COB Monday, June 28, 2021.

      The following document is being exposed for a 30-day public comment period. Comments should be send electronically to Charles Therriault and Denise Genao-Rosado by COB Thursday, July 1, 2021.

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.

      The following items are exposed by the F Committee. Comments are due for each item by Thursday, May 13, 2021. Please email comments to Becky Meyer at bmeyer@naic.org.

       Part A Preamble – proposed revisions update the Preamble to include reference to the Term and Universal Life Insurance Reserve Financing Model Regulation (#787) (commonly known as the XXX/AXXX Model), which becomes effective as an accreditation standard September 1, 2022 with enforcement to begin January 1, 2023.

      Part A Preamble Captive Reinsurers

      Group Capital Calculation and Liquidity Stress Test (2020 Revisions to the Holding Company Models (#440 and #450)) – the Committee voted to expose the March 8, 2021 referral from E Committee regarding the Group Capital Calculation and the Liquidity Stress Test as additions to the accreditation standard for 30 days with the expectation that the normal timeline for adoption of a Part A accreditation standard will be followed, and the effective date for all states will be January 1, 2026.

      Note 1: In conjunction with the motion, 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 and #450 as soon as possible.

      Note 2: Following the normal accreditation timeline, the Committee’s next step after this initial comment period is to consider, at the Summer National Meeting, a 1-year exposure period beginning January 1, 2022. 

      Holding Company Revisions - GCC and LST

      There are no exposure drafts at this time.

      There are no exposure drafts at this time.