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2012 Charges:
- Creating an ORSA Feedback Pilot Project in 2012 for five to ten undisclosed groups to voluntarily submit an ORSA Summary Report for regulatory review under a confidentiality agreement in order for regulators to be able to provide some high-level (non-group specific) feedback to industry prior to the actual ORSA Summary Report effective date.
- Developing an ERM education program where regulators will benefit from additional guidance and/or training and then facilitate a delivery method to provide such applicable assistance.
- Developing a glossary to include in the ORSA Guidance Manual to provide clarification of terminology.
- Studying the need for the NAIC to hire an ERM expert to provide staff support and future maintenance of the NAIC guidance on ERM and ORSA, and to provide assistance and training to states as they implement examination and analysis of ORSA.
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