NAIC 2016 Fall National Meeting

19 December 2016
View Client Update

Key takeaways

  • The Term and Universal Life Insurance Reserve Financing Model Regulation (formerly called the XXX/AXXX Credit for Reinsurance Model Regulation) and conforming amendments to Actuarial Guideline 48 were adopted by the NAIC, effective January 1, 2017.
  • The NAIC intends to monitor the impact of the presidential election on its activities relating to health insurance, international capital standards and the role of federal regulation, and continues to move forward with its group capital proposal and international insurance efforts.
  • In addition to continuing its development of a cybersecurity model law, the NAIC is expanding its focus on insurers’ use of new technology relating to big data analytics, delivery of traditional insurance services by InsurTech start-ups and Blockchain.