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
Comments due to Denise Matthews by Jan. 17, 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.
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 2020-02
Please send comments to Reggie Mazyck by close of business on Mar. 4, 2020.
APF 2019-62
Please send comments to Reggie Mazyck by close of business on Feb. 26, 2020.
Draft Revisions to Model #787
AG 48 with edits
Please send comments to Reggie Mazyck by close of business on Feb. 19, 2020.
APF 2019-33
Please send comments to Reggie Mazyck by close of business on Feb. 7, 2020.
APF 2019-62
APF 2019-60
APF 2019-61
Please send comments to Reggie Mazyck by close of business on Jan. 31, 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.
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.
Exposure of proposed approach to incorporating an RBC charge for longevity risk
Comments should be sent electronically to Dave Fleming by COB Thursday, May 23, 2019.
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)
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)
Comments Due Date: TBD at March 4, 2020 call
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.
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.
There are no exposure drafts at this time.
The attached DRAFT letter to the chair of the Group Solvency Issues Working Group is exposed for comment until COB Monday, February 17th. Please send comments to Dan Daveline.
The following document is exposed for a 30-day comment period ending March 11th. All comments should be sent via email to bjenson@naic.org.
NAIC Staff Summary of ComFrame Gap Analysis
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 January 17, 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 | |
| 2019-25BWG | 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 | 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. | 2/21/202 | |
| 2020-02BWG |
|
2/21/202 | |
| 2020-03BWG |
|
2/21/202 | |
| 2020-04BWG |
|
2/21/202 | |
| 2020-05BWG |
|
2/21/202 | |
| 2020-06BWG |
|
2/21/202 | |
| 2020-07BWG |
|
2/21/202 | |
| 2020-08BWG |
|
2/21/202 |
Exposure Drafts Outstanding
Statutory Accounting Principles (E) Working Group
Last Updated 12/11/2019
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.
| SUBSTANTIVE AND NONSUBSTANTIVE EXPOSURES | |||
|---|---|---|---|
| Ref No. | Issue Paper/ SSAP No./ Appendix | Title | Description |
| EXPOSURES with COMMENT DEADLINE of DECEMBER 20, 2019 | |||
| 2019-44EP |
SSAP No. 62R Other SSAPs |
AP&P Editorial Process | Exposed Editorial Revisions |
| EXPOSURES with COMMENT DEADLINE of JANUARY 31, 2020 | |||
| 2018-26 |
SSAP No. 5R SSAP No. 97 |
SCA Loss Tracking – Accounting Guidance | Exposed revisions expand guidance regarding financial guarantees and the use of the equity method for when losses exceed an SCA’s equity value. With these revisions, the equity value of an SCA would not go negative, and guarantee liabilities would be reported to the extent that there is a financial guarantee or commitment. The “Illustration of the Application of INT 00-24” will be inserted into SSAP No. 97 as Exhibit F. |
| 2018-38 | SSAP No. 55 | Prepaid Providers | Exposed revisions separate the guidance by product type and emphasize guidance that loss and loss adjusting expense liabilities are established regardless of payments to third parties (except for capitated health claim payments). The revisions emphasize existing guidance that claims that related liabilities are not recognized as paid until the losses are paid to claimants or claims are adjusted. |
| 2019-04 | Investment Classification Project – Preferred Stock | Exposed a revised issue paper and a draft substantively-revised SSAP to revise the guidance for preferred stock under the Investment Classification Project. | |
| 2019-08 |
SSAP No. 51R SSAP No. 52 |
Reporting Deposit-Type Contracts | Exposed revisions include footnote excerpts in the reporting exhibits to aggregate deposit-type contracts captured in Exhibit 5 – Life Contracts and an inquiry as to whether a similar footnote would be beneficial for Exhibit 6 – Accident and Health Contracts. Additionally, feedback regarding instruction clarifications for Exhibit 7 – Deposit-Type Contracts has been requested. |
| 2019-12 | SSAP No. 68 | ASU 2014-17, Pushdown Accounting | Re-exposed agenda item to allow additional time for specific examples of pushdown accounting to be provided by interested parties, as well as consider comments received on pushdown. |
| 2019-14 | SSAP No. 97 | Attribution of Goodwill | Re-exposed the agenda item requesting comments on the proposed disclosure for the “assignment” of goodwill. |
| 2019-20 |
SSAP No. 2R SSAP No. 103R |
Rolling Short-Term Investments | Exposed revisions incorporate additional principle concepts in classifying investments as cash equivalents or short-term investments to prevent the “rolling” of certain investments. Revisions from the prior exposure exclude qualifying cash pools from the short-term rolling restrictionsprovisions. Comments are requested on specific items detailed in the agenda item. |
| 2019-24 | SSAP No. 71 | Levelized and Persistency Commission | Exposed revisions include additional NAIC staff modifications regarding persistency commission and levelized commission arrangements to address certain comments received. |
| 2019-25 | SSAP No. 105 | WCFI | Exposed a substantively-revised draft SSAP to incorporate industry proposed revisions to WCFI program requirements. |
| 2019-32 | SSAP No. 97 | Look-Through with Multiple Holding Companies | Exposed revisions clarify that a more-than-one holding company structure is permitted as a look-through if each of the holding companies within the structure complies with the requirements in SSAP No. 97. |
| 2019-33 | SSAP No. 25 | SSAP No. 25 – Disclosures | Exposed revisions data-capture existing disclosures currently completed in a narrative format. |
| 2019-34 | SSAP No. 25 | Related Parties, Disclaimer of Affiliation and Variable Interest Entities | Exposed revisions clarify the types of entities that are included as related parties, that a non-controlling ownership interest greater than 10% is a related party and subject to the related party disclosures, the guidance for disclaimers of affiliation, and control for statutory accounting. The revisions also reject seven ASUs for statutory accounting. The exposure includes an intent to dispose agenda item 2011-16, which is a historical item drafted to consider the SSAP No. 25 definition. |
| 2019-35 |
SSAP No. 51R SSAP No. 52 SSAP No. 61R |
Update Withdrawal Disclosures | Exposed revisions propose minor edits to the liquidity disclosures regarding withdrawal characteristics for life and deposit-type contracts to match noted reporting clarifications. |
| 2019-36 |
SSAP No. 51R SSAP No. 53 SSAP No. 54R SSAP No. 59 |
Expanded MGA and TPA Disclosures | Exposed revisions expand managing general agent and third-party administrator disclosures. |
| 2019-37 | SSAP No. 41R | Surplus Notes – Enhanced Disclosures | Exposed revisions provide enhanced disclosures to identify when an issued surplus note’s anticipated or typical cash flows have been partially or fully offset by a held asset. |
| 2019-38 | SSAP No. 86 | Financing Derivatives | Exposed revisions clarify the reporting of derivatives with financing premiums. The reporting revisions propose to allow the present value of the derivative premium receivable (and payable) for financed derivatives to be factored into the counterparty risk assessment for life RBC. Comments are also requested on topics detailed in the agenda item. |
| 2019-39 | SSAP No. 86 | Acceptable Collateral for Derivatives | Exposed revisions clarify that the fair value of collateral received or held, for derivative disclosure purposes, shall be reported net of collateral paid/pledged, in the event a counterparty has the legal right to offset against. |
| 2019-40 | SSAP No. 53 | Reporting of Installment Fees and Expenses | Exposed revisions clarify that the installment fee guidance should be narrowly applied. Comments are requested on how related installment fee expenses as detailed in the agenda item. |
| 2019-41 | SSAP No. 43R | SSAP No. 43R – Financial Modeling | Exposed revisions eliminate the multi-step financial modeling designation guidance in determining final NAIC designations for residential mortgage-backed securities (RMBS)/commercial mortgage-backed securities (CMBS) securities. |
| 2019-42 | SSAP No. 2R | Cash Equivalent – Cash & Liquidity Pools | Exposed revisions specify that cash pooling structures that meet specified criteria qualify as cash equivalents. |
| 2019-43 |
SSAP No. 5R SSAP No. 72 |
ASU 2017-11, Earning Per Share, Distinguishing Liabilities from Equity, Derivatives & Hedging | Exposed revisions reject ASU 2017-11 and incorporate guidance for when certain freestanding instruments shall be recognized as liabilities and not equity. |
| 2019-45 | SSAP No. 101 | ASU 2013-11, Income Taxes – Presentation of Unrecognized Tax Benefits | Exposed revisions reject ASU 2013-11 for statutory accounting. |
| 2019-46 | Appendix D | ASU 2016-14, Presentation of Financial Statements for Not-for-Profit Entities | Exposed revisions reject ASU 2016-14 as not applicable to statutory accounting. |
| 2019-47 | SSAP No. 3 SSAP No. 51R |
VM21 Grading | Exposed revisions add reference, disclosures and accounting for Section 21 of VM-21, Requirements for Principle-Based Reserves for Variable Annuities, grade-in requirements for reporting changes in the valuation basis for years beginning Jan. 1, 2020. |
| 2019-48 | SSAP No. 62R | Disclosure Update for Reciprocal Jurisdiction Reinsurers | Exposed revisions incorporate disclosure updates for reinsurers from reciprocal jurisdictions. |
| 2019-49 | SSAP No. 62R | Retroactive Reinsurance Exception | Exposed agenda item with a request for comments on the preferred approaches for reporting retroactive contracts that meet the exception for prospective accounting and the disadvantages to approaches being used. Industry and state insurance regulator volunteers are requested to assist with developing guidance to clarify both the accounting and reporting for retroactive contracts which are accounted for prospectively. |
The following proposal is exposed for a 45-day comment period ending Feb. 14th. All comments should be sent via email to jbarr@naic.org
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.
There are no exposure drafts at this time.
Exposure of Proposed C-3 Guidance
Comments should be sent electronically to Dave Fleming by COB Friday, February 7th 2020.
Exposure of Proposed C-3 Instruction Changes
Comments should be sent electronically to Dave Fleming by COB Friday, February 7th 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 7th 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.
As discussed on its 9/12/19 conference call, the Technical Group agreed to expose the following revisions to Handbook guidance for a 30-day comment period ending October 14, 2019.
- Troubled Insurance Companies
- Management Letters
- Exhibit V – Overarching Prospective Risk Assessment
- Exhibit AA – Summary Review Memorandum
Please see the document attached for the exposed items. A cover sheet has been included assist in determining the location of the each revision within the document. These documents will also be available on the Technical Group’s webpage. Submit comments to Bailey Henning.
There are no exposure drafts at this time.
Please submit comments electronically to jkoenigsman@naic.org.
Exposure Chapter3_Taxes Version 1
Exposure Chapter10_Taxes Version 1
Please submit comments electronically to jkoenigsman@naic.org by February 7th.
Comment Request on Key Provisions for Receivership
There are no exposure drafts at this time.
Comments should be submitted electronically to sflippo@naic.org
Draft Guideline Alternative to Section 712 (Updated 12/03/2019)
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.
On December 8, 2019, the Reinsurance (E) Task Force exposed draft revisions to the NAIC Annual Statement Instructions and Annual Statement Blanks to incorporate reporting for Reciprocal Jurisdiction Reinsurers. This will be exposed concurrently with a formal exposure of item 2019-30BWG by the Blanks (E) Working Group on December 17, 2019, with an expected public comment deadline of February 21, 2020. Comments should be directed to NAIC support staff Jake Stultz, Dan Schelp, Mary Caswell and Calvin Ferguson.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
The following documents have been re-exposed for a public comment period ending Friday, November 8, 2019. Please send comment letters to Becky Meyer bmeyer@naic.org:
- 10-18-19 Best Practices-Risk Retention Groups
- 10-18-19 NAIC Uniform RRG Notice and Registration Form
- 10-18-19 Risk Retention Groups - FAQ
At the 2019 Summer National Meeting, the Risk Retention Group (E) Task Force exposed the following documents for a public comment period ending Friday, September 6, 2019. Please send comment letters to Becky Meyer at bmeyer@naic.org.
Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by COB Thursday, March 5, 2020
Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by COB Wednesday, March 11, 2020
Exposure of proposed approach to incorporating an RBC charge for longevity risk
Comments should be sent electronically to Dave Fleming by COB Thursday, May 23, 2019.
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.