NAIC 2017 Fall National Meeting

14 December 2017
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Key takeaways
  • As a result of the signing of the U.S.-EU Covered Agreement, the Reinsurance Task Force announced that it would hold a public hearing in February 2018 to consider proposals for how states may satisfy the reinsurance collateral requirements of the Covered Agreement.
  • Recognizing challenges facing long-term care insurers, the NAIC adopted amendments to the Life and Health Insurance Guaranty Association Model Act, which divide future assessments for long-term care insurer insolvencies equally between life and health insurers and add HMOs to guaranty associations.
  • The Variable Annuities Issues Working Group discussed the results of the Quantitative Impact Study II and exposed proposed revisions to the AG 43 and C3 Phase II frameworks for public comment until March 2, 2018.