Discuss adoption of the Task Force’s 2025 proposed charges.

The Working Group will continue meeting monthly on the 1st Tuesday of the month to finalize its priorities and charges for 2024.

Agenda – October 2, 2024:

1. Discuss Meeting and Project Plan
2. Discussion of 2024 GOES Field Test Participant Feedback on UST, Equity, and Corporate Models:
   1. GOES EA SG 100224 Presentation
   2. Dynamic GFF Method Draft v0.1
   3. Dynamic GFF Example Calculation
3. Other Matters

Review comments received on two exposure drafts. Agenda and other materials are pending. 

• Best Practices Procedures for IBT/Corporate Divisions
• Restructuring Mechanisms White Paper

Comment Letters:

• AIRROC
• Enstar
• Maine Bureau of Insurance
• NOLHGA/NCIGF
• Norton Rose Fulbright
• NY Life/Western & Southern FG/Mass Mutual/Northwestern Mutual
• Risk and Regulatory Consulting

Purpose: hear a presentation from the FBI Internet Crime Complaint Center (IC3)

The purpose of this call is to consider adoption of the Task Force’s 2025 proposed charges and to discuss the Private Flood Insurance Supplement, a plan for assessment of SOA and CAS educational changes, the comments on the exposed white paper appendix, and the Schedule P Instruction drafting.

The Consumer Information (B) Committee will hold its next a one-hour OPEN call on Tuesday, October 8^th @ 3pm ET.  See access information below.

Agenda:

1. Discuss and consider for adoption the revised ACA FAQ (attached)
2. Consider Minutes from the Aug 29^th Consumer Information (B) Subgroup meeting (attached)
3. Any other matters

Please contact Brian Webb (bwebb@naic.org) if you have any questions.

Brian Webb

NAIC

bwebb@naic.org

202-309-4845

Call to review and approve comments on IAIS public consultations. More information to follow. 

Discuss comments received on the Minnesota Approach with adjustments to haircut percentages and cumulative rate increase ranges of the cost-sharing formula as candidates for a Single LTCI Multistate Rate Review Approach. The Minnesota Approach is described here: https://content.naic.org/sites/default/files/documents/ltci-msa-framework.pdf

Agenda – October 9, 2024:

1. Discuss Meeting and Project Plan
2. Discussion of 2024 GOES Field Test Participant Feedback on Initial Yield Curve Fitting and SERT Scenarios
   1. GOES EA SG 100924 Presentation
   2. Initial Treasury Fit Discussion
   3. FT2-2023HIgherTarg_SERT_PreliminaryObservations
3. Other Matters

The purpose of this call will be to discuss: 1) CE Audit Guidelines 2) Guidelines for Course Introduction states/forms and 3) NAIC State Licensing Handbook.

To be determined.

The purpose of the call is to discuss comments received on the exposure of guidance for use in monitoring the solvency of run-off insurers, as well as discuss referrals received from other NAIC groups.

Agenda – October 10, 2024

1. Discuss Comments Received on the AAT for Reinsurance Actuarial Guideline Draft: Scope and Aggregation Sections
   1. Scope Subtopics brought up by Commenters
   2. AAA Comment Letter
   3. ACLI Comment Letter
   4. CIRCA Comment Letter
   5. Missouri Comment Letter and AAT for Reinsurance AG Draft Scope Section Edit
   6. Peter Gould Comment Letter
   7. John Robinson Comment Letter
   8. RRC Comment Letter
   1. Aaron Ziegler Comment Letter
   2. RAA Comment Letter
2. Other Matters

The purpose of the call will be to receive an update on cybersecurity drafting efforts and to consider exposing proposed edits to the Financial Condition Examiners Handbook for public comment.

Agenda:

• Roz Murray’s presentation on Brown University's Center for Advancing Health Policy through Research (CAHPR) study on hospital price caps in Oregon
• Georgetown and AHIP presentations on Price Transparency
• PhRMA Foundation presentation on recent research

Agenda – October 16, 2024:

1. Discuss Meeting and Project Plan
2. Discuss GOES Field Test Participant Feedback on SERT Scenarios, DR, and Scenario Selection
   1. GOES EA SG 101624
3. Scenario Statistics
   1. New NAIC Report
4. Other

LIFE WORKSTREAM

Discuss survey on the use of criminal history in life insurance underwriting.

Consider Adoption of Model #171 Revisions

The purpose of the call is to Discuss Potential Updates to the Variable Annuity Supplement of the NAIC Annual Statement.

Agenda – October 18, 2024

1. Discuss Potential Updates to the Variable Annuity Supplement of the Annual Statement

• Initial Thoughts – VA Supplement Additions
• VM-22 Supplement Blank

2. Plan for Aligning VM-21 and VM-22

3. Other Matters

Consider adoption of regulatory guidance and discuss 2025 SAO instructions.

To be determined.

Consider Charges and 2025 GRET

The purpose of the call is to discuss the working agenda and fund review.

The purpose of this call is to facilitate training and the sharing of expertise through predictive analytics webinars (aka "Book Club").    

Topic:  Pure Premium Model Distributions

Call to review and approve comments on IAIS public consultations.

The purpose of the call is to discuss tax credit and principle-based bond proposals.

Adopt Summer National Meeting minutes and vote to expose the Catastrophe Modeling Primer.

VM-22 Subgroup Agenda – Oct 23

1. VM-22 SPA Draft
   1. SPA Exposure - Mortality
      1. Unbuffered Amount calculation for DR
      2. Location of mortality requirements in SPA section
      3. Future mortality improvement in GAPV calculation
      4. Clarification of valuation date for discounting
      5. Age Nearest Birthday (ANB) vs Age Last Birthday (ALB)
      6. Structured settlement mortality table clarification
      7. Mortality flooring for group annuities
      8. Mortality improvement scale for group annuities
2. VM-22 PBR Draft 
   1. Potential edits based on field test Q&A VM-22 PBR Draft
      1. Settlement options
      2. Funding agreements
      3. Variable annuitization GLBs with exhausted fund value
      4. Treatment of PIMR for starting assets
      5. Applicability of SPA for DR
      6. Reinvestment guardrail
      7. SERT
         1. Threshold
         2. Mortality shocks

Proposed changes to the NAIC statistical reports.

The purpose of the call will be to 1) adopt proposed 2025 charges; and 2) consider comments received on the previously exposed draft RFP on hiring a consultant to propose a Due Diligence Framework Related to Continued Reliance on Rating Agencies.

HEALTH WORKSTREAM MEETING

Continue Discussion of Demographic Data Collection

Agenda – October 24, 2024

1. Continue Discussion on the AAT for Reinsurance Actuarial Guideline Draft: Scope and Aggregation Sections
   1. Agenda, Updated AAT for Reinsurance Actuarial Guideline, Scope Subtopics, and Comment Letters 
   2. ACLI Draft AAT for Reinsurance Attribution Template 
2. Discuss Other AAT for Reinsurance Actuarial Guideline Draft Sections, Time Permitting
3. Other Matters

The Task Force is meeting virtually in lieu of the 2024 Fall National Meeting and will consider the adoption of its meeting minutes, receive its working group reports, and discuss any other matters.

The purpose of this call will be to discuss: 1) CE Audit Guidelines 2) Guidelines for Course Introduction states/forms and 3) NAIC State Licensing Handbook.

Purpose: receive an update and discuss the progression of CERP and the IDSM Survey, followed by a presentation on the cybersecurity insurance report with a Q&A session

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

Purpose: Discuss comments received on draft revisions to Section 5—Third-Party Arrangements of the Privacy of Consumer Financial and Health Information Regulation (#672)

The purpose of the call will be to discuss any comments received on the exposure of proposed revisions to Exhibit C and consider the updated guidance for adoption.

To be determined.