Consider Adoption of Task Force 2024 Proposed Charges, Committee 2024 Proposed Charges, and PBM White Paper

November 2 Agenda

1. Consider Adoption of Task Force’s Summer National Meeting Minutes
2. Consider Exposure of APF 2023-11 RBC Consistency
3. Consider Exposure of APF 2023-12 VM-20 Equity Return Volatility
4. Other Matters

To hear a presentation regarding the unintended consequences of the legalization of cannabis.

Recording

The purpose of the call will be to consider the adoption of proposed salary range adjustments for NAIC handbooks and to receive an update on the work of the Affiliated Investment Management Agreement Drafting Group.

The purpose of this meeting is to consider proposals for adoption and any new proposals for exposure.

The purpose of this meeting is to receive updates from Academy on H2 – Underwriting Risk Review & Health Care Receivables, adopt minutes and discuss pandemic risk.

Agenda – Nov 8, 2023

1. Brief Status Update on VM-22 Project
2. VM-22 SPA Draft and Comment Log
   1. Aggregation & Reserving Categories
   2. Deterministic Reserve
   3. Retrospective Inflation
   4. GAPV Prior to Utilization
   5. Integrated GAPV

The purpose of the call is to:

• Adopt re-exposed chapter 6 and chapter 8
• Adopt chapters 9, 10, and 11 and the checklists/templates (Comments due Nov. 6)

The purpose of the call will be to consider adoption of Handbook Guidance.

Please note: this meeting was originally scheduled for 10/31 and has been moved to 11/13. 

The purpose of this meeting is for the Task Force to adopt reports of its Working Groups.

Agenda – Nov 15, 2023

1. Consider Exposure of VM-31 for Non-Variable Annuities
   1. VM-31 Edits
   2. Non-Variable Annuity Supplement 
   3. VM-G Edits 
2. VM-22 SPA Draft and Comment Log
   1. SPA Withdrawal Assumptions for No CSV
   2. Withdrawals for Lifetime GLBs
   3. Crediting Rate Limits
   4. Regulatory Approval for Crediting Rate
   5. Added language to keep DR in scope of SPA
   6. Added language specifying timing of exercising guarantee for GAPV

This meeting is in lieu of meeting at the 2023 Fall National Meeting. The Task Force will consider the adoption of meeting minutes, receive working group reports, and discuss any other matters.

• Presentation from NIST related to planned updates to the Cybersecurity Framework
• Review of comments received for the Cybersecurity Event Response Plan and consideration of adoption
• An update on federal government activities related to cybersecurity

The purpose of the call is to 1) consider exposure of Proposal 2023-16-CR (2023 Cat Event List) and 2) hear a presentation from the American Academy of Actuaries (Academy) on the “Update to Property and Casualty Risk-Based Capital Underwriting Factors and Investment Income Adjustment Factors” report.

Claims and appeals content

Discuss comments on the second draft of the Model Bulletin on the Use of Artificial Intelligence Systems by Insurers.

The second draft Bulletin is located on the NAIC’s Committees page under Exposure Drafts.

In lieu of meeting at the Fall National Meeting

In lieu of meeting at the Fall National Meeting

Adopt minutes, adopt the E-Commerce Modernization Guide, and discuss next steps for the Working Group.

Consider Adoption of A Committee and LATF 2024 proposed charges and the 2024 GRET

In lieu of meeting at the Fall National Meeting.