Compiling...

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.

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.

Comments on Suitability in Annuity Transactions Model Regulation revisions requested by Friday, February 15, 2019

APF 2019-27 Redline Re-exposure
Please send comments to Reggie Mazyck by close of business on June 13, 2019.

APF 2019-46 - Experience Reporting Agent with NAIC revisions
APF 2019-01 - Modify DET for conservatively reserved policies
Please send comments to Reggie Mazyck by close of business on June 18, 2019.

Actuarial Guideline for VA Early Adoption
Please send comments to Reggie Mazyck by close of business on July 3, 2019.

APF 2019-36

Please send comments to Reggie Mazyck by close of business on June 7, 2019. 

APF 2019‐29

Please send comments to Reggie Mazyck by close of business on June 3, 2019. 

APF 2019-39

Please send comments to Reggie Mazyck by close of business on May 29, 2019. 

 

AG 43 – Redlined May 16 Exposure

AG 43 – Clean May 16 Exposure

APF 2019‐26 – Redlined

APF 2019‐26 – Clean

APF 2019‐28 – Redline Re‐Exposure

APF 2019‐28 – Clean Re‐Exposure

APF 2019‐55 – May 16 Exposure

APF 2019‐27 – Clean

APF 2019‐27 – Redlined

Please send comments to Reggie Mazyck by close of business on June 3, 2019. 

 

APF 2018-46 – Definitions of Term Life Policy and Product Groups

APF 2019-31 – Revision of PBR Exemption

Please send comments to Reggie Mazyck by close of business on May 23, 2019. 

 

APF 2019-54 – Riders

APF 2019-53 – Clarifying Permitted Types of Smoothing

APF 2019-01 – Modify DET for conservatively reserved policies

Please send comments to Reggie Mazyck by close of business on May 30, 2019. 

 

APF 2019-28
Please send comments to Reggie Mazyck by close of business on May 14, 2019.

 

APF 2019-52 – Standard for Selecting Material Risks

APF 2019-46 – Experience Reporting Agent

Please send comments to Reggie Mazyck by close of business on May 24, 2019. 

 

APF 2019-43 – Clarify NPR Floor for Due and Deferred Prem

APF 2019-44 – PBR Report Requirements & Templates

Please send comments to Reggie Mazyck by close of business on May 16, 2019. 

 

APF 2019-47 SPA Aggregation

APF 2019-48 Edit on Borrowing Costs

APF 2019-49 VM-21 Redline - 403(b) Amendment

APF 2019-50 ACLI Comments on VA Exposures

APF 2019-51 ACLI non-material edits to VA Documents 03.29.18

APF 2019-27 Redline (VM-21) Draft Exposure 050119

Please send comments to Reggie Mazyck by close of business on May 12, 2019. 

 

2019-14 – Additional Governance Documentation

2019-23 – Documentation of Assumptions and Margins w/ Templates

Please send comments to Reggie Mazyck by close of business May 9, 2019. 

 

APF 2019-45

Please send comments to Reggie Mazyck by close of business May 14, 2019.

APF 2019-39

APF 2019-41

APF 2019-30

APF 2019-42

2019-42 Excel File

APF 2019-40 

Please send comments to Reggie Mazyck by close of business May 13, 2019.

APF 2019-31

APF 2019-32

APF 2019-35

APF 2019-07

APF 2018-53

APF 2019-11

APF 2019-29

APF 2019-37

APF 2018-45

APF 2019-36

APF 2019-38

Please send comments to Reggie Mazyck by close of business on May 1, 2019.

 

APF 2019-18

APF 2019-19

APF 2019-21

APF 2019-22

APF 2019-25

Please send comments to Reggie Mazyck by close of business on April 8, 2019.

 

APF 2019-23

APF 2019-16

Please send comments to Reggie Mazyck by close of business on April 12, 2019.

 

Clean version for AG 43

Redline version for AG 43

Clean Version of APF 2019-26

Redline Version of APF 2019-26

Clean Version of APF 2019-27

Redline Version of APF 2019-27

Clean Version of APF 2019-28

Redline Version of APF 2019-28

Please send comments to Reggie Mazyck by close of business on March 28, 2019.

APF 2019-15 
Please send comments to Reggie Mazyck by close of business on March 21, 2019.

APF 2019-17 
APF 2019-24 
Please send comments to Reggie Mazyck by close of business on March 25, 2019.

APF 2018-66 
APF 2019-03 
Please send comments to Reggie Mazyck by close of business on March 14, 2019.

APF 2019-04 
Please send comments to Reggie Mazyck by close of business on March 7, 2019.

APF 2019-12 - Revise PIMR Language
APF 2019-13 - Guidance Note to Clarify SERT Numerator
APF 2019-14 - Revise VM-31 Section 3.B.3
Please send comments to Reggie Mazyck by close of business on March 8, 2019.

APF 2018-43
APF 2019-06
APF 2019-07
APF 2019-08
APF 2019-09
APF 2019-10
Please send comments to Reggie Mazyck by close of business on March 2, 2019.

APF 2018-60
APF 2018-44
Please send comments to Reggie Mazyck by close of business on February 18, 2019.

APF 2018-57
APF 2018-63
Please send comments to Reggie Mazyck by close of business on February 25, 2019.

APF 2018-64
APF 2018-15
APF 2018-48
APF 2018-55
APF 2019-04
APF 2019-05
Please send comments to Reggie Mazyck by close of business on February 18, 2019.

APF 2018-61
Please send comments to Reggie Mazyck by close of business on January 14, 2019.

APF 2018-42
APF 2018-62
Please send comments to Reggie Mazyck by close of business on January 31, 2019.

APF 2018-59
Please send comments to Reggie Mazyck by close of business on January 31, 2019.

APF 2018-41 Revise VM-01 Definitions
APF 2018-53 Clarify Alternative Investment Asset Strategy
Please send comments to Reggie Mazyck by close of business on January 3, 2019.

APF 2018-56 Allow Negative Reserve Credit
APF 2018-58 VM-20 YR Reinsurance 
PBR YRT Proposal - Examples Nov 2018
Please send comments to Reggie Mazyck by close of business on January 31, 2019.

APF 2018-45
Please send comments to Reggie Mazyck by close of business on November 2, 2018.

APF 2018-37-VM-20 Sect 9.C.7.b - Justification of anticipated mortality
APF 2018-39-VM-20/VM-31 - Clarify determination of materiality
Please send comments to Reggie Mazyck by close of business on July 2, 2018.

Academy Discussion Paper on Need for VM-20 Guidance for YRT Reinsurance Premiums
Please send comments to Reggie Mazyck by close of business on June 11, 2018.

Academy AUW Questions & Commentary
Please send comments to Reggie Mazyck by close of business on January 29, 2018.

2017-78
Please send comments to Reggie Mazyck by close of business on November 16, 2017.

VM Questions and Responses
Comments should include recommendations on a suitable place for housing the Question and Response document. Please send comments to Reggie Mazyck by close of business on Oct. 7, 2017.

Simplified Issue Report
Please send comments to Reggie Mazyck by close of business on September 21, 2017.

PBR Questions for LATF Consideration - Revised 2/2/17
Please send comments to Reggie Mazyck by close of business on March 10, 2017.

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.

Questions for Exposure

Proposal Summary

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.

Medicare Supplement Insurance Model Regulation Compliance Manual
Please send comment to Eric King by December 19, 2018.

LTC Pricing Subgroup - Approaches to LTC Rate Increases
LTC Charts
Please send comments to Eric King by close of business on August 24, 2018.

Task Force 2018 Proposed Charges
Cancer Tables Report
Please send comments to Eric King by the close of business on October 6, 2016.

AHIP GLTD Proposal
ACLI GLTD Proposal
Please send comments to Eric King by close of business on October 21, 2016.

WM-25 Proposal
Please send comments to Eric King by close of business on April 24, 2017.

DRAFT MACRA Changes
Please send comments to Eric King by close of business on August 9, 2018.

Approaches to LTC Rate Increases July 2018
Please send comments to Eric King by close of business on August 17, 2018.

Actuarial Guideline LTC - Draft
Please send comment to Eric King by close of business on November 5, 2016.

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.

 

On its call on May 16, the Actuarial Opinion (C) Working Group exposed Section IV “Guidance on qualification documentation” of the draft Regulatory Guidance on Property and Casualty Statutory Statements of Actuarial Opinion, Actuarial Opinion Summaries, and Actuarial Reports for the Year 2019 (2019 Regulatory Guidance): 

Section IV “Guidance on qualification documentation”

 

Note that Section IV reflects P/C Appointed Actuary qualification documentation requirements currently included in the exposed 2019 P/C Statement of Actuarial Opinion instructions: 2019 P/C Statement of Actuarial Opinion instructions. Changes made to the instructions (expected to be completed by the end of June) may require similar changes to the 2019 Regulatory Guidance.

 

The documents are exposed for a 53-day comment period, with comments to be submitted to Kris DeFrain (NAIC) by Friday, July 8.

There are no exposure drafts at this time.

Flood Document - 7/10

Send comments to Sara Robben by COB Friday, July 26, 2019.

There are no exposure drafts at this time.

LPI Model Redlined

Please send comments to Tiffany Lewis by close of business on October 31, 2018.

CA Comments

03-09 CEJ Comments

DC Comments

Model Law Request Template

Please send comments to Aaron Brandenburg by close of business on June 11, 2019.

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.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Large Deductible Study Draft (6/17/16)
Changes Made to Draft (6/21/16)

Please send comments to Dave Keleher by close of business Tuesday, July 19, 2016.

There are no exposure drafts at this time.

The following items are exposed for comment. Please submit comments to the appropriate NAIC staff support contact by the deadline indicated.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

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

New Draft Travel Insurance Model Act (#632)-Related Examination Standards for Inclusion in the Market Regulation Handbook

Comments Due Date: July 10, 2019

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

The Homeowners In Force SDR and the Homeowners Claims SDR were adopted by the Working Group on its May 30, 2019 call.

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

New Insurance Data Security Pre- & Post-Breach Checklists for Inclusion in the Market Regulation Handbook, Dec. 17, 2018 Draft
The Insurance Data Security Pre- & Post-Breach Checklists were adopted by the Working Group on its April 24, 2019 call.

New Insurance Data Security Pre- & Post-Breach Checklists for Inclusion in the Market Regulation Handbook, Nov. 19, 2018 Draft

New Insurance Data Security Pre- & Post-Breach Checklists for Inclusion in the Market Regulation Handbook, July 16, 2018 Draft

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.

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:

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:

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 can be found attached below.  Any comments received will be posted as they are received. The Working Group will hold conference calls as necessary to complete the review process. 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 Fall National Meeting.   

Handbook Chapters

Comments Recieved:

 


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 By 5.10.19 (Deadline for Draft 2)

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.

The National Treatment and Coordination (E) Working Group is exposing the following for a 30-day comment period. Please submit comments to Jane Barr by COB Friday, August 16, 2019.

  •  Proposal 2019-04 Form 12, Consent to Service of Process – to add “statutory” to the home office address and to include the state where regulated as well as the state where incorporated.
  • Proposal 2019-06 Form 8 Questionnaire – to include a question that was inadvertently removed in 2012 as a required question for expansion applications with the caveat for copies of the company’s investment management agreements and any investment guidelines as optional. The Working Group asks that all member states and interested regulatory states respond whether or not this question should be added back to Form 8. Currently, this information can be obtain in the Annual Statement Interrogatories. 
  • Financial Analysis (E) Working Group referral and edits to Appendix D – Form A Review of the Company Licensing Best Practices Handbook that addressed the request in this referral. 

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Call for comments: 
The Restructuring Mechanisms (E) Subgroup requests comments to be made on any of the subgroup charges and the definition of run-off companies.

Comments should be addressed to the co-chair of the Subgroup, Doug Stolte and David Smith, and submitted to NAIC staff ( ddaveline@naic.org &rmarcotte@naic.org ) by COB Friday April 26, 2019.

There are no exposure drafts at this time.

Blanks (E) Working Group
Items Received for Comment

Last Updated July 2, 2019

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

 
 

2019-18BWG

Add a NAIC Designation Modifier to the NAIC Designation column for Schedule D, DL and BA to accommodate the NAIC Designation Category granularity framework adopted by the Valuation of Securities (E) Task Force.

07/24/2019

 

2019-19BWG

Add a new category line for unaffiliated certificates of deposit to Schedules D, DA, DL and E. Add a line to the Summary Investment Schedule for unaffiliated certificates of deposit.  Modify the list of bonds for Lines 8 through 11 of the Summary by Country to include unaffiliated certificates of deposit. Add instruction to zero fill the CUSIP and ISIN fields for unaffiliated certificates of deposit.

07/24/2019

 

Blanks Procedures

Modify the Blanks Procedures to reflect that the Blanks Working Group will be conducting its business exclusively through conference calls as it will not be meeting at the National Meeting in the foreseeable future.

07/24/2019

 

2019-20BWG

The Casualty Actuarial and Statistical (C) Task Force proposes addition of “Qualification Documentation” so the Appointed Actuary would be required to maintain workpapers explaining how the actuary meets the definition of “Qualified Actuary.” These proposed changes were adopted by the Task Force on June 11, 2019.

The Executive (EX) Committee proposes the remainder of the changes, including a new objective definition of “qualified actuary” and the results of an assessment of actuarial educational syllabi in a “NAIC-Accepted Actuarial Designation” section. These proposed changes were adopted by the Committee on June 25, 2019.

07/24/2019

 

Exposure Drafts Outstanding
Statutory Accounting Principles (E) Working Group
Last Updated 5/29/19

Please address comment letters to Dale Bruggeman, Chair of the Statutory Accounting Principles (E) Working Group, and direct to Julie GannRobin MarcotteFatima Sediqzad and Jake Stultz.

SUBSTANTIVE AND NONSUBSTANTIVE EXPOSURES
Ref No. Issue Paper/ SSAP No./ Appendix Title Description
EXPOSURES with COMMENT DEADLINE of JUNE 28, 2019
2019-18 SSAP No.86 "Other" Derivatives Revisions include recognition and measurement guidance for derivatives that do not qualify as hedging, income generation or replication transactions.
EXPOSURES with COMMENT DEADLINE of JUNE 12, 2019
2016-02 SSAP No. 22R 
Issue Paper
ASU 2016-02, Leases Exposed a substantively revised SSAP No. 22R and corresponding Issue Paper No. 16X—Leases to incorporate guidance from ASU 2016-02, Leases, but maintain the operating lease concept.
2017-28 Issue Paper Reinsurance Credit Exposed an issue paper to document for historical purposes the adopted revisions to SSAP No. 62R—Property and Casualty Reinsurance.
2018-03 SSAP No. 43R Reporting NAIC Designations as Weighted Averages Revisions require securities with differing NAIC designations by lot to be reported in overall aggregate at the lowest NAIC designation or with separate aggregations by NAIC designation.
2018-04 SSAP No. 26R VOSTF Bank Loan Referral Revisions clarify that a security in scope of another SSAP does not get reclassified as a "collateral loan" because it also is secured with collateral.
2018-22 SSAP No. 37 Participation Agreement in a Mortgage Loan Revisions clarify the structure of mortgage loans acquired through a participation agreement intended to be in scope and excluded “bundled” mortgage loans.
2018-26 SSAP No. 97 SCA Loss Tracking – Accounting Guidance Revisions update the existing reporting requirements for when a reporting entity has a negative equity value in an SCA investment and has provided a financial guarantee or commitment.
2018-38 SSAP No. 55 Prepayments to Service and Claims Adjusting Providers Revisions provide guidance clarifying that prepayments to providers of claims and adjusting services shall be recognized as nonadmitted prepaid expenses. In addition, guidance was exposed regarding flat fee bundled payments..
2019-03 SSAP No. 25
SSAP No. 26R
SSAP No. 32
SSAP No. 43R
SSAP No. 48
Affiliated Transactions Revisions clarify the principle application of SSAP No. 25, as well as an "affiliated" classification, when a transaction is in substance a related party transaction. The guidance includes situations when a transaction between related parties is conducted through a non-related intermediary.
2019-06 Preamble
SSAP No. 50
SSAP No. 51R
SSAP No. 52
SSAP No. 56
SSAP No. 71
SSAP No. 86
ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts Revisions update U.S. GAAP references and reject ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts for statutory accounting. With exposure, comments are requested on whether new disclosure reconciliations of liabilities should be captured.
2019-08 SSAP No. 51
SSAP No. 52
Reporting Deposit-Type Contracts Exposure requests comments on why guaranteed investment contracts, or other deposit-type contracts, are reported in Exhibit 5 – Aggregate Reserves for Life Contracts or Exhibit 6 – Aggregate Reserves for Accident and Health Contracts, instead of Exhibit 7 – Deposit-Type Contracts.
2019-09 SSAP No. 101
Q&A Edits
SSAP No. 101 – Q&A Updates – TCJA Revisions to the Implementation Q&A update the income tax guidance in response to the federal Tax Cuts and Jobs Act of 2017 (TCJA).
2019-10 SSAP No. 101 SSAP No. 101 – Q&A Updates – DTA/DTL Offset Revisions to the income tax Implementation Q&A clarify the application of the deferred tax admittance calculation, particularly with regards to offsetting deferred tax liabilities.
2019-11 SSAP No. 62R SSAP No. 62R – Reinsurance Credit Effective Date Revisions clarify the Jan. 1, 2019 effective date for previously adopted guidance applies to contracts in effect as of that date. If a change is required to prior application, it is as a change in accounting principle.
2019-12 SSAP No. 68
SSAP No. 97
ASU 2014-17, Business Combinations – Pushdown Accounting Revisions reject ASU 2014-17, Business Combinations – Pushdown Accounting for statutory accounting and prohibits pushdown accounting for subsidiary, controlled and affiliated (SCA) entities reported under audited U.S. GAAP.
2019-13 SSAP No. 97 Clarification of a Look-Through Approach Revisions clarify the guidance for look-through entities. These revisions specify that goodwill may be admitted only if its value has been supported by an audit report and that the look-through provision only applies to the downstream level directly below the noninsurance holding company. The exposure requests information on multiple-level shell holding companies for specific consideration.
2019-14 SSAP No. 68
SSAP No. 97
Attribution of Goodwill Revisions clarify that the acquisition of a holding company requires the purchase price and goodwill to be attributed to the downstream entities that the holding company directly owns.
2019-15EP SSAP No. 62R
SSAP No. 63
SSAP No. 86
SSAP No. 103R
Editorial Updates Exposed editorial revisions.
2019-16 Appendix D ASU 2015-08, Business Combinations – Pushdown Accounting – SEC Paragraphs Revisions reject ASU 2015-08, Business Combinations – Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 as not applicable for statutory accounting.
2019-17 Appendix D ASU 2019-02, Accounting for Costs of Films and License Agreements for Program Materials Revisions reject ASU 2019-02, Entertainment, Improvements to Accounting for Costs of Films and License Agreements for Program Materials (a consensus of the FASB Emerging Issues Task Force)as not applicable for statutory accounting.

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 Health Risk-Based Capital (E) Working Group met via conference call June 24, 2019 and agreed to expose the Draft Bond Structure and Instructions and Excessive Growth Charge Referral Letter for a 30-day comment period. Please submit comments to the Health Risk-Based Capital (E) Working Group, Crystal Brown (link to email cbrown@naic.org) by Wednesday, July 24, 2019.

There are no exposure drafts at this time.

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

2017 to 2018 Comparison

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:

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.

Revisions have been proposed to various sections of the Financial Analysis Handbook to address common questions received through the Peer Review program. The proposed revisions clarify expectations regarding analysis documentation for intercompany pooling, when the ultimate controlling party (UCP) of a group is a licensed insurer, and for non-lead state holding company analysis. Comments are due back by July 12, 2019.

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.

On May 1, 2019, the Reinsurance (E) Task Force publicly released proposed revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), which incorporate relevant provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance ("Bilateral Agreement"), for discussion at the May 15, 2019 meeting of the Task Force.

Comment Letters Received for the May 1 Revisions to Model #785 and Model #786:

On March 7, 2019, the Reinsurance (E) Task Force exposed proposed revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), which are intended to incorporate relevant provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance ("Bilateral Agreement"), for a 25-day public comment period ending Monday, April 1, 2019. Comments should be directed to Jake Stultz and Dan Schelp

Comment Letters Received for Exposed Proposed Revisions to Model #785 and Model #786 – For individual letters, click the links below; For a combined file, click HERE 

On November 9, 2018, the Reinsurance (E) Task Force released proposed revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), which are intended to incorporate relevant provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance ("Bilateral Agreement"). The following drafts were included in the Reinsurance (E) Task Force meeting materials for discussion at the 2018 Fall National Meeting held in San Francisco.

 

On September 25, 2018, the Reinsurance (E) Task Force exposed proposed revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), which are intended to incorporate relevant provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance ("Bilateral Agreement"), for a 21-day public comment period ending Tuesday, October 16, 2018. Comments should be directed to Jake Stultz and Dan Schelp.

Comment Letters Received for Exposed Proposed Revisions to Model #785 and Model #786, for individual letters, click the links below, for a combined file, click HERE.

 

On June 21, 2018, the Reinsurance (E) Task Force exposed proposed revisions to the Credit for Reinsurance Model Law (#785) and the Credit for Reinsurance Model Regulation (#786), which are intended to incorporate relevant provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance ("Bilateral Agreement"), for a public comment period ending Monday, July 23, 2018. Comments should be directed to Jake Stultz  and Dan Schelp.

Comment Letters Received for Exposed Proposed Revisions to Model #785 and Model #786, for individual letters, click the links below, for a combined file, click HERE.

Survey on Effect of QJ Implementation of Solvency II
Exposure by Qualified Jurisdiction (E) Working Group. Submit survey responses to Matthew Todd and Dan Schelp by Wednesday, December 31, 2016. [Note: the previous survey response deadline of Wednesday, November 23, 2016, has been extended.]

Comments on the below exposure are due by the close of business Friday, January 13, 2017, and should be directed to Dan Schelp or Matt Todd.

There are no exposure drafts at this time.

There are no exposure drafts at this time.

Proposed P&P Manual Amendment to Update the Definition and Instructions for Structured Notes and related referral from Statutory Accounting Principles (E) Working Group

Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado  by COB Monday, July 8, 2019.

 

Proposed P&P Manual Amendment to Add Instructions for New Administrative Fields “RTS” and “RT” and related referral from Statutory Accounting Principles (E) Working Group

Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by COB Monday, July 8, 2019.

 

Proposed P&P Manual Amendment to Remove Obsolete Modified Filing Exempt (MFE) Instructions

Comments should be sent electronically to Charles Therriault and Denise Genao-Rosado by COB Monday, July 8, 2019.

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.

Questions for Exposure

Proposal Summary

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.

Please send all comments to Becky Meyer at bmeyer@naic.org by May 8, 2019.

Part A Preamble – Fraternals Subject to PBR 

The proposal revises the Part A Preamble to include fraternal benefits societies with respect to principle-based reserving (PBR). PBR was previously adopted as an accreditation standard and includes fraternals in the standard. The proposed Preamble change therefore ensures consistency with the standard in conjunction with the effective date of Jan. 1, 2020.

Part D – Organization, Licensing and Change of Control of Domestic Insurers

The proposal includes the following elements for consideration during the exposure:

  • Update the guidelines to reflect current practices (changes tracked in attachment)
  • Expand the scope to include redomestications
  • Subject Part D to a Recommendation A or B from the review teams with the result that the outcome can affect a state's accredited status
  • Effective date for the updates and inclusion of redomestications of January 1, 2020
  • Effective date to subject to Recommendation A or B of January 1, 2022.

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.

 

 

 

© 1991 - 2019 National Association of Insurance Commissioners. All rights reserved.
SM Insure U and Stop. Call. Confirm are registered service marks of the National Association of Insurance Commissioners.