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2012 Charges
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Outline high-level corporate governance principles. Determine
the appropriate methodology to evaluate adherence with such principles,
giving due consideration to development of a model law.
- Analyze the requirements, regulatory initiatives and best practices of the states, other countries and regulators, and the insurance industry, to assist in principle development.
- Develop additional regulatory guidance including detailed best practices for the corporate governance of insurers.
- Review the current IAIS principles and standards related to corporate governance. Critically review and provide input and drafting to the IAIS Governance and Compliance Subcommittee, and on other IAIS papers as assigned by the parent Task Force. From this work, identify future initiatives to improve our regulatory solvency system.
- Consider the development of insurance regulatory education for members of insurers’ Boards of Directors.
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