EXPOSURE DOCUMENT INDEX
The following is a list of documents exposed by various work groups of the NAIC to the public. For additional information regarding these and other documents, their comment periods and pending actions – please visit the appropriate Committees & Activities page.
Proposed Innovation, Cybersecurity and Technology (H) Committee
Comments to the Draft Charges 11/18/21 Revised
Draft Charges 11/2/21
____________________________________________________________________________________________________________
Draft Proposed Climate Risk Disclosure Survey
Send comments to Jennifer Gardner by January 10, 2022.
Commissioner Kathleen Birrane, Chair of the Solvency Workstream of the Climate and Resiliency (EX) Task Force hereby requests comment from interested stakeholders on recommendations that they believe would be appropriate in the area of enhancements or changes to the solvency tools as a means to address the charges of the workstream. In developing your comments, please provide responses to the following more specific questions.
- Should the NAIC pursue enhancements to existing tools, such as the Own Risk and Solvency Assessment (ORSA), the Financial Condition Examiners Handbook, Form F, Corporate Governance Annual Disclosure, etc.?
- Should the NAIC use existing tools as a means to assist companies in quantifying the risk associated with climate change for purposes of discussions with domestic regulators? For example, the NAIC could use the IAIS’s climate asset stress as included in the Global Insurance Market Report (GIMIR) as a means to capture the asset risk and make available to domestic regulators for each company. As another example, the NAIC could use the 1 in 250 and 1 in 500 year disclosure within RBC as a means to capture the underwriting risk; this could include new perils for regulator disclosure purposes only such as private flood and convection storms. These asset and underwriting stresses could be used by the domestic regulator to better engage with the company on what they are doing to mitigate the risk.
- Alternatively, should the NAIC pursue the development of its own asset and underwriting stress tests? If so, would you be willing to assist in the development of such tests based upon tools currently being used to measure climate risk?
- Should the NAIC pursue the incorporation of a public disclosure into the Annual Statement where the company discusses its climate risk, how it measures that risk, and quantifies it within a tabled disclosure of the Annual Statement?
Please direct all comments to NAIC staff Dan Daveline by commencement of business December 8th.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
The Long-Term Care Insurance Multistate Rate Review (EX) Subgroup has released the attached draft of the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment in advance of the NAIC Fall National Meeting.
Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business, Monday, Dec. 6, 2021.
LTCI Wellness Programs Issues - Clean Version
LTCI Wellness Programs Issues - Redline Version
Comments Received
ACLI/AHIP Comments
Assured Allies Comments
CHA Comments
LTC RBO Comments
MI Comments
Physicians Comments
Submit comments to Eric King by Nov. 4, 2021.
WORKSTREAM FIVE
Provider Network White Paper Draft Outline
Principles for Data Collection Document
Comments Received on Provider Network White Paper Draft Outline
- Academy Comments
- AHIP Comments
- AMA Comments
- BCBSA Comments
- HBI Comments
- NACHC Comments
- NAIC Consumer Representatives Comments
Comments Received on Principles for Data Collection Document
The Special (EX) Committee on Race and Insurance has released the 2021 proposed charges for a 30-day public comment period.
- 2021 Proposed Charges
- America's Health Insurance Plans
- American Academy Actuaries
- American Counsel of Life Insurers
- American InsurTech Counsel
- American Property Casualty Insurance Association
- American Property Casualty Insurance Association (Proposed Charges)
- BlueCross BlueShield Association
- Center for Economic Justice
- Main Street Financial Solutions
- McIntyre & Lemon
- NAIC Consumer Representatives
- National Association of Insurance and Financial Advisors
- National Association of Mutual Insurance Companies
- National Association of Mutual Insurance Companies (Proposed Charges)
- National Association of Professional Insurance Agents
Comments should be sent electronically to NAIC staff Kay Noonan by close of business Friday, May 14, 2021
Proposed Innovation, Cybersecurity and Technology (H) Committee
Comments to the Draft Charges Revised 11/18/21
Draft Charges 11/2/21
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.
The Long-Term Care Insurance Multistate Rate Review (EX) Subgroup has released the attached draft of the Long-Term Care Insurance (LTCI) Multistate Rate Review Framework for public comment in advance of the NAIC Fall National Meeting.
Comments should be sent electronically to NAIC staff, jkoenigsman@naic.org, by close of business, Monday, Dec. 6, 2021.
Annuity Suitability (A) Working Group Adopted FAQ Guidance Document Adopted FAQ Guidance Document
There are no exposure drafts at this time.
The following document is being exposed for a 60-Day public comment period ending January 27th, 2022.
Please send comments to Reggie Mazyck by close of business on January 27th, 2022.
Comments are due Dec. 3 2021
Alternate draft revisions to Model #580 and sample policy overview sent to Life Insurance and Annuities (A) Committee to assist them in providing the Working Group with guidance on next steps:
Revised #580 - current delivery requirements
Sample policy overview - post underwriting
The following document is being exposed for a public comment period ending November 29th, 2021.
Please send comments to Reggie Mazyck by close of business on November 29th, 2021.
The following document is being exposed for a public comment period ending November 16th, 2021.
Please send comments to Reggie Mazyck by close of business on November 16th, 2021.
The following document is being exposed for a public comment period ending November 17th, 2021.
Please send comments to Reggie Mazyck by close of business on November 17th, 2021.
The following document is being exposed for a public comment period ending December 1st, 2021.
Please send comments to Reggie Mazyck by close of business on December 1st, 2021.
The following documents are being exposed for a 28-Day public comment period ending October 27th, 2021.
Please send comments to Reggie Mazyck by close of business on October 27th, 2021.
EXTENDED: The following document is being exposed for a 45-Day public comment period ending December 1st, November 15th, 2021.
Please send comments to Reggie Mazyck by close of business on December 1st November 15th, 2021
REVISED: The following documents are being exposed for a public comment period ending October 18th, 2021.
Please send comments to Reggie Mazyck by close of business on October 18th, 2021.
The following document is being exposed for a public comment period ending July 20th, 2021.
Please send comments to Reggie Mazyck by close of business on July 20th, 2021.
The following document is being exposed for a 21-Day public comment period ending June 11th, 2021.
Please send comments to Reggie Mazyck by close of business on June 11th, 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:
EXTENDED: The following document is being exposed for a 21-Day public comment period ending June 4th15th, 2021.
Please send comments to Reggie Mazyck by close of business on June 4th15th, 2021.
Amendment Proposal 2019-56 Revisions to VM-51 Data Elements for AUW – Comments due to Reggie Mazyck by October 7, 2019.
APF 2019-56 Revised Data Elements VM51 (Word)
Appendix- VM51 Data Elements markup simple (Word)
Please note that a version of 2019-56 reflecting the potential adoption of edits to amendment 2018-59 will be posted when it becomes available.
There are no exposure drafts at this time.
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.
EXTENDED: The following document is being exposed for a public comment period ending November 19, 2021 October 19, 2021.
Please submit comments to Reggie Mazyck (RMazyck@naic.org) by close of business Nov. 19 Oct.19.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
QTL Template.xlsx Pennsylvania Revised Draft QTL Template Draft May 28, 2020
QTL Template Instructions.docx Revised Draft QTL Template Instructions May 28, 2020
MHPAEA assumptions exposure.docx MHPAEA Draft Assumptions March 10, 2020
There are no exposure drafts at this time.
HMO Model Draft Adopted by the Subgroup, July 13, 2020
PBM Model Draft As Adopted by the Health Insurance and Managed Care (B) Committee, June 22, 2021
There are no exposure drafts at this time.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
The following document is being exposed for a public comment period ending October 6th, 2021.
Please send comments to Bree Wilson by close of business on October 6th, 2021.
Proposed 2022 Charges
Send comments to Anne Obersteadt by Nov. 12, 2021.
There are no exposure drafts at this time.
New Draft Chapter 21-Conducting the Property and Casualty Examination, Oct. 27, 2021 Draft (Revisions Relating to the Real Property Lender-Placed Insurance Model Act (#631)
Comments Due Date Extended from November 27, 2021 to December 17, 2021
New Draft Chapter 20-General Examination Standards, Oct. 27, 2021 Draft (Revisions Relating to the Insurance Holding Company System Regulatory Model Act (#440)
Comments Due Date Extended from November 27, 2021 to December 17, 2021
New Draft Chapter 24-Conducting the Health Examination, Sept. 30, 2021 Draft (Revisions Relating to the Health Maintenance Organization Model Act (#430)
The draft Chapter 24 was adopted by the Working Group on its November 4, 2021 conference call,
New Draft Chapter 25-Conducting the Medicare Supplement Examination, Sept. 27, 2021 Draft (Revisions Relating to the Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act (#651)
The draft Chapter 25 was adopted by the Working Group on its November 4, 2021 conference call, the chapter underwent an additional revision as part of that adoption.
Updated Draft Title Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook
New Draft Title Standardized Data Requests for Inclusion in the Reference Documents of the Market Regulation Handbook
- RI 04/01/21 Comments
- NE 04/23/21 Comments
- CEJ 04/23/21 Comments
- ALTA 04/23/21 Comments
- CO 04/29/21 Comments
The Title SDRs were adopted by the Working Group on its September 2, 2021 conference call, the Title Claims SDR underwent an additional revision as part of that adoption.
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.
The Limited Long-Term Care Exam Standards, Dec. 11, 2019 draft, were adopted by the Working Group on its July 23, 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, 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.
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 Best Practices Guide rev. March 2021 adopted 3/9/2021
Short-Term Limited Duration Data Call (2019)
Attestation Interrogatory Data Element Mockup.pdf
NAIC Market Regulation Handbook Analysis Chapters
Ch. 6 - Basic Analytic Tools.docx as of 2/3/2021
Ch. 7 - Putting It All Together: Market Analysis.docx as of 2/3/2021
Ch. 8 - Enhancing State Market Analysis.docx as of 2/3/2021
Ch. 9 - Appendix A.docx as of 2/18/2021
MCAS Accelerated Underwriting: Proposal (3/18/2021)
MCAS Digital Claims: Proposal (3/18/2021)
- Draft MCAS Data Call HO Digital Claims (Adopted 6/30/2021)
- Draft MCAS Data Call PPA Digital Claims (Adopted 6/30/2021)
MCAS Other Health - Short-Term Limited Duration Insurance
- Draft STLDI MCAS Data Call Definitions 2022 (Adopted 5/26/2021)
MCAS Travel Insurance
- Draft Travel MCAS Data Call Definitions 2022 (Adopted 5/26/2021)
On October 29, 2020 the Antifraud Technology (D) Working Group completed their review and adopted revisions to the NAIC Antifraud Plan Guideline (#1690). The focus was to reorganize the guidelines into a more intuitive order, to eliminate repetitive requirements within the existing guidelines, and add suggestions to better meet existing requirements for nearly all states.
The Antifraud (D) Task Force is soliciting comments on the revisions with a deadline of Thursday, November 12, 2020. Comments/suggestions can be sent to Greg Welker gwelker@naic.org
The track changes draft, and the track changes accepted draft adopted by the Working Group can be found below.
- NAIC Antifraud Guideline Plan - Clean - Adopted by the ATWG 10.29.20
- NAIC Antifraud Guideline Plan - Track Changes - Adopted by the ATWG 10.29.20
The Antifraud (D) Task Force will potentially adopt the revisions to the Antifraud Plan Guideline (#1690) on its November 16, 2020 - Open Webex Meeting.
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
- Wednesday, October 14th - 9am Alaska/10am Pacific/11am Mountain/12pm Central/1pm Eastern
- Thursday, October 29th - 9am Alaska/10am Pacific/11am Mountain/12pm Central/1pm Eastern
Comments Received by January 5, 2020
- MN DOI - 1.2.20
- Center For Economic Justice - 3.12.20
- Coalition Against Insurance Fraud - 12.26.20
- NAMIC - 1.11.20
- NICB - 12.26.20
Comments Received by September 8, 2020 (Draft 3 8.3.20)
- AIG - 9.5.20
- Center For Economic Justice - 9.8.20
- Coalition Against Insurance Fraud - 9.8.20
- All Comments Compiled - 9.16.20
Guideline Drafts
- NAIC 2011 Antifraud Plan Guideline - Draft 2 W/Track Changes 3.12.20)
- NAIC 2011 Antifraud Plan Guideline - Draft 3 Redline (8.3.20) / NAIC 2011 Antifraud Plan Guideline - Draft 3 - Clean (8.3.20)
- NAIC 2011 Antifraud Plan Guideline - Draft 4 - Redline (10.14.20) / NAIC 2011 Antifraud Plan Guideline - Draft 4 - Clean (10.14.20)
Artificial Intelligence (AI) in MIS Recommendations
MIS R&D WG Statement on AI posted 10/20/2021
RIRS Coding Change Proposal
RIRS Coding Change Proposal posted 3/25/2021
- CEJ 5/1/2021
- California 6/16/2021
There are no exposure drafts at this time.
Pet Insurance
The Producer Licensing Uniformity (D) Working Group has been given the task of reviewing Pet Insurance to determine whether the current licensing standards should change. The Working Group will be meeting via Webex/conference call throughout 2021 to discuss and determine a recommendation that will be presented to the Producer Licensing (D) Task Force.
Materials:
- Producer Licensing Standard for Pet Insurance (Draft For Discussion Document)
- PLTF Fall National Meeting Minutes
- Regulators Guide to Pet Insurance - White Paper
Comments Received:
Webex/Conference Calls:
- Wednesday, November 3, 2021 at 10:30am Alaska/11:30am Pacific/12:30pm Mountain/1:30pm Central/2:30pm Eastern.
- Webex link:
https://naic.webex.com/naic/j.php?MTID=mcae5f9e2e19ab7ff11741e610441c470
- Agenda
- Minutes 10.6.21
- Webex link:
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
Final Exposure Draft Report to D Cmte on Privacy 11.18.21
First Working Group Exposure Draft of Privacy Policy Statement_082621.pdf
Comment Schedule for Draft Exposed 082621.pdf
MO670_041520_ExposureDraftTopics_with_042920_CommentsonSec1-9_rev082221.pdf
Privacy Policy Statement Draft3 070121
Initial Privacy Policy Statement_Draft1_042821
MO670_041520_Exposure Draft Topics
There are no exposure drafts at this time.
There are no exposure drafts at this time.
The following document are being exposed for a 30-Day public comment period.
Please send comments to Sherry Flippo by end of day, December 20th, 2021
There are no exposure drafts at this time.
The Working Group is exposing the staff memo on proposed changes for a 45-day comment period.
Please direct all comments to Dan Daveline by December 23.
The Working Group is exposing the GCC Trial Implementation Instructions post trial edits.
Please direct all comments to Jane Ren by December 8.
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 Working Group exposed the draft White Paper for a 30-day comment period. Please provide any comments on this co-chair exposure by December 1, 2021 to NAIC staff support Dan Daveline and Casey McGraw.
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 November 16, 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 |
| 2021-13BWG Modified |
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. |
03/04/2022 |
| 2021-15BWG | Add a footnote to Exhibit 7 in the Life/Fraternal statement and the Health statement (Life Supplement) to capture amount of Federal Home Loan Bank (FHLB) Funding Agreements reported in columns 1 through 6 of the exhibit (SAPWG Ref #2021-16). | 03/04/2022 |
| 2021-16BWG | For Note 9 – Income Taxes, remove the 9C illustration instructions for the DTA and DTL components which state that “reporting entities should disclose those items included as “Other” (Lines 2a13, 2e4, 3a5 and 3b3) as additional lines for those items greater than 5% in the printed/PDF filing document,” as the illustration is not set up to accommodate variable lines. Add formulas for calculation of total and subtotal on the illustration for 9C. For Note 15 – Leases, modify the illustrations to add a “Thereafter” line and add a formula for “Total” line. | 03/04/2022 |
| 2021-17BWG | Modify the Analysis of Operations by Lines of Business in the Health blank to include all of health lines of business included in the Life/Fraternal Analysis of Operations by Lines of Business – Accident and Health. Add instructions for the new columns and adjust the column references. Add the Health Blank Analysis of Operations by Lines of Business as a supplement to the Life/Fraternal blank with the appropriate instructions and crosschecks. Add crosscheck to the Health Blank Analysis of Operations by Lines of Business to the Life/Fraternal Analysis of Operations by Lines of Business – Accident and Health instructions. | 03/04/2022 |
| 2021-18BWG | Modify the Life Insurance (State Page) to include the line of business detail reported on the Analysis of Operations by Lines of Business pages. Two new Schedule T style pages (Exhibit of Claims Settled During the Current Year and Policy Exhibit) are created to include detail captured by state on the existing Life Insurance (State Page) that could not be included due to space issue. Add definitions for life and annuity products to the lines of business definitions in the health appendix. | 03/04/2022 |
| 2021-19BWG | Add columns and lines to U&I (Parts 1, 2, 2A, 2B, and 2D) and the Exhibit of Premiums, Enrollment and Utilization in the annual statement to bring the lines of business reporting in line with Life/Fraternal and Property. Add columns and lines to the Exhibit of Premiums, Enrollment and Utilization and U&I Analysis of Claims Unpaid quarterly pages. The appropriate adjustments to the instructions are also being made. | 03/04/2022 |
| 2021-20BWG | Starting at Line 72 of the Life/Fraternal Five-Year Historical, add or delete lines that do not pull in the specific lines of business reported on the Life/Fraternal Analysis of Operations by Lines of Business detail pages for life (individual and group), annuities (individual and group), and A&H for Line 33 of those pages. | 03/04/2022 |
| 2021-21BWG | Add instruction to the Investment Schedules General Instructions to exclude residual tranches or interests from being reported as bonds on Schedule D, Part 1 and add lines to Schedule BA for the reporting of those investments (SAPWG Ref #2021-15). | 03/04/2022 |
Exposure Drafts Outstanding
Statutory Accounting Principles (E) Working Group
Last Updated 10/25/2021
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, Jake Stultz and Jason Farr.
For the status of all SAPWG agenda items, please refer to the Maintenance Agenda.
|
EXPOSURES with COMMENT DEADLINE of NOVEMBER 12, 2021 |
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|---|---|---|---|
| 2021-16 | SSAP No. 30R | SSAP No. 30R – FHLB Disclosure – Blanks Referral | Agenda item did not propose statutory accounting revisions, however resulted in a referral to the Blanks (E) Working Group to include a supplemental data capture footnote for FHLB borrowings that are classified as a deposit-type contract and reported in Exhibit 7 – Deposit-Type Contracts. |
| 2021-17 | SSAP No. 32R | SSAP No. 32R – Permitted Valuation Methods | Exposed revisions remove lingering reference, which indicates that cost is an allowable valuation method for redeemable preferred stock. |
| 2021-18 | SSAP No. 108 | VM-21 Scenario Consistency Update | Exposed revisions ensure consistency with revisions to VM-21, removing references to the "standard scenario." |
| 2021-19EP |
SSAP No. 16R SSAP No. 43R |
Editorial Updates | Exposed editorial revisions update paragraph references in SSAP No. 16R, and remove outdated references to guidance previously deleted in 2017 in SSAP No. 43R. |
| EXPOSURES with COMMENT DEADLINE of OCTOBER 1, 2021 | |||
| 2019-24 | Issue Paper No. 16x | SSAP No. 71 – Levelized and Persistency Commission | Exposed Issue Paper No. 16x: Levelized Commission to document the historical discussion and final action adopted through Exec/Plenary. |
| 2021-11 | SSAP No. 43R | SSAP No. 43R – Credit Tenant Loans – Scope | Exposed revisions to, 1) identify the SVO-identified CTLs are in scope of SSAP No. 43R and to delete the examples of "other loan-backed and structured securities" in paragraph 27.b.; 2) intent to nullify INT 20-10; and 3) dispose agenda item 2020-24: Accounting and Reporting of Credit Tenant Loans without statutory revisions. |
| 2021-14 | Policy Statement | Policy Statement Terminology Change – Substantive and Nonsubstantive | Exposed revisions to alter the terminology used when discussing types of statutory accounting revisions. |
| PRINCIPLES-BASED BOND PROJECT | |||
| Principles-Based Bond Definition | SSAP No. 43R | Principles-Based Bond Project | On Aug. 26, 2021, the Statutory Accounting Principles (E) Working Group directed NAIC staff to utilize the principle-based bond definition to move forward with drafting an issue paper and SAP revisions. These bond definition concepts should not be considered final as further discussion and deliberation will occur throughout the process. Although not formally exposed, comments or questions can continue to be submitted to NAIC staff for consideration by the 43R Study Group during the issue paper development process. |
|
EXPOSURES DEFERRED for SUBSEQUENT INTERIM or NATIONAL MEETINGS |
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|
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. |
|
|
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. |
|
|
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. | |
|
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. |
|
There are no exposure drafts at this time.
The Health Risk-Based Capital (E) Working Group is exposing the following proposal for a 30-day comment period. Please submit comments to Crystal Brown by COB December 3, 2021.
Exposure of the American Academy of Actuaries’ C-2 Mortality Work Group Recommendation on C-2 Mortality Factor Updates
- Academy C-2 Mortality Risk Work Group Report to LRBC - November 2021
- NAIC Life RBC C-2 Recommendation - November 2021
Comments should be sent electronically to Dave Fleming by COB Monday, January 10, 2022.
Exposure of the Guidance Document on Bond Factor Changes
Comments should be sent electronically to Dave Fleming by COB Thursday, December 9, 2021.
Exposure of 2021-12-L Life Reinsurance
Exposure of 2021-13-L Longevity Factors and Instructions
Comments should be sent electronically to Dave Fleming by COB Thursday, May 27, 2021.
Exposure of American Academy of Actuaries' and American Council of Life Insurers’ Proposed Bond Factors and Instructions
- 2021-10-L RBC Proposal (Academy)
- 2021-11-L Life Bond Factors (ACLI)
- Moody's Analytics' Report on Proposed Bond Factor Revisions
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:
- 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.
The Catastrophe Risk (E) Subgroup and the Property and Casualty Risk-Based Capital (E) Working Group are exposing the proposal 2021-16-CR (2021 January through October Cat Event List) for a 7-day comment period. Please submit comments to Eva Yeung by COB November 11, 2021.
The Property and Casualty Risk-Based Capital (E) Working Group is exposing the following for a 30-day comment period. Please submit comments to Eva Yeung by COB November 24, 2021.
The Catastrophe Risk (E) Subgroup and the Property and Casualty Risk-Based Capital (E) Working Group are exposing the proposal 2021-16-CR (2021 January through October Cat Event List) for a 7-day comment period. Please submit comments to Eva Yeung by COB November 11, 2021.
The Catastrophe Risk (E) Subgroup is exposing the proposal below for a 30-day comment period. Please submit comments to Eva Yeung by COB November 26, 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 public comment period ending October 27, 2021.
Please send any comments to Ralph Villegas by close of business Oct. 27th.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
In 2021, the Working Group received the 2 referrals linked below. The Working Group formed a drafting group to address the referrals. The drafting group responses are linked below. Additionally the working group exposed exposed updates regarding ransomware attacks. These exposure are open for a 30-day comment period ending November 12th.
Chief Regulator Forum Referral
Cyber Vulnerabilities Best Practice
The following documents are being exposed for a public comment period ending on November 22nd, 2021.
Please send comments to Jane Koenigsman by close of business on November 22nd, 2021.
There are no Exposure Drafts at this time.
There are no exposure drafts at this time.
Comments on exposed items should be addressed to John Rehagen (MO), Chair Representative of the Reinsurance (E) Task Force, and sent electronically to NAIC staff, Jake Stultz and Dan Schelp.
The following document has been exposed for a 21-day public comment period ending COB Thursday, December 2, 2021.
The following document has been exposed for a 21-day public comment period ending COB Friday, October 8, 2021.
Comment Letters:
Comments on exposed items should be addressed to Robert Wake (ME), Chair of the Mutual Recognition of Jurisdictions (E) Working Group, and sent electronically to NAIC staff, Dan Schelp and Jake Stultz.
The following document has been exposed for a 21-day public comment period ending October 13, 2021.
Comment letters received after the October 13 exposure:
On July 21, the Mutual Recognition of Jurisdictions (E) Working Group and Group Capital Calculation (E) Working Group exposed the initial draft of the Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation and received one comment letter.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
The following documents are being exposed for a 15-day comment period:
- Referral from the Statutory Accounting Principles (E) Working Group on Provisions for NAIC 5GI Designations
- Amendment to the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) to the clarify the exclusion of Residual Tranches and Interests from Schedule D-1 reporting and to provide temporary NAIC Designation instructions
- Non-substantive technical amendment to the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) for Private Letter Rating Securities and the corresponding NAIC Designation Category for NAIC 5GI
Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by Thursday, December 2, 2021.
There are no exposure drafts at this time.
There are no exposure drafts at this time.
Group Capital Calculation (GCC) and Liquidity Stress Test (LST) (2020 Revisions to Holding Company Models #440 and #450)
The 1-year exposure beginning January 1, 2022: Pending approval by Plenary at the Fall National Meeting.
On Aug. 14, 2021, the Committee voted to recommend exposure of the GCC and LST referral with the following revision:
- GCC: The Commissioner may grant an exemption to qualifying groups meeting the standards set forth in Model #450, Section 21A and 21B, without the requirement to file at least once.
The proposed effective date is January 1, 2026.
- Modified significant elements for GCC and LST
- Original referral from E Committee
- Model #440 and #450 with revisions tracked
Note 1: The F Committee strongly encourages all states with a group impacted by the Covered Agreement to adopt the group capital calculation revisions to Model #440 and Model #450 for those groups effective Nov. 7, 2022. The Committee also strongly encourages states with a group impacted by the liquidity stress test to adopt the relevant revisions to Model #440 as soon as possible.
Note 2: Receivership Revisions – On August 17, 2021, the NAIC Executive and Plenary adopted revisions to the holding company models #440 and #450, which aim to ensure the continuity of essential services and functions to an insurer in receivership by affiliated entities and further clarify ownership of data and records of the insurer. There has not yet been discussion of the accreditation impact. However, states revising their holding company statutes are strongly encouraged to review these changes at the same time. The model attachment contains tracked changes for both #440 and #450 for GCC, LST and receivership revisions, with the receivership revisions highlighted in yellow.
There are no exposure drafts at this time.
There are no exposure drafts at this time.