NEWSROOM

NAIC Comments on Short-Term, Limited Duration Insurance

The NAIC submitted comments to the U.S. Department of Health and Human Services (HHS) on the proposed rule on Short-Term, Limited Duration Insurance.

Read the Comment Letter

Distracted Driving

Keep The Road Code: NAIC Unveils Distracted Driving Awareness Campaign

April is Distracted Driving Awareness Month, and the NAIC today announced the launch of Keep the Road Code, a new campaign that focuses on preventing distracted driving. This campaign aims to educate consumers on the dangers of driving while distracted whether it is from impairment, texting or doing anything that takes their eyes off the road or hands off the wheel.

NAIC Attends Insurance Conference in Latin America

Superintendent Cioppa, Director Farmer and Commissioner Rivera Rios attended the XIX Annual Association of Latin American Supervisors (ASSAL) Conference on Regulation and Supervision of Insurance in Santo Domingo, Dominican Republic. The delegation also held a bilateral meeting with the ASSAL's Executive Committee. Latin America increasingly represents an opportunity for growth for U.S. insurers. The NAIC members shared best practices with other supervisors to enhance regulatory cooperation to help with the supervision of internationally active insurance groups. 

International Fellows Program Encourages Global Connections

The NAIC welcomed nine fellows to the Spring International Fellows Program on April 9 at the NAIC Central Office in Kansas City. Countries represented this spring include Cayman Islands, Guatemala, India, Kenya, Saudi Arabia, Taiwan, and CIMA (an organization of insurance supervisors from French-speaking West and Central African jurisdictions). More than 280 participants from 35 countries have participated in the training program.

UPDATE: P/C Actuarial Opinion Instructions With Revised Qualified Actuary Definition

In August 2017 the NAIC, in collaboration with a consultant, began a Job Analysis Project to revise requirements for the Property/Casualty (P/C) Statement of Actuarial Opinion (instructions) using an evidence-based definition of a "Qualified Actuary." The resulting proposed instructions incorporate an expanded definition of "Qualified Actuary" based largely on the results of the Job Analysis Project, with the addition of professionalism requirements.

The instructions with definition were exposed for a 45-day comment period ending Feb. 12. The comments are posted here, along with two memorandums addressing the instructions and proposed next steps.

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