FOR IMMEDIATE RELEASE
NAIC ADOPTS 2013 COMMITTEE CHARGES
WASHINGTON, D.C. (March 1, 2013) - The National
Association of Insurance Commissioners (NAIC) held a joint call of the
Executive Committee/Plenary, during which the NAIC formally adopted its
2013 committee charges.
Members also adopted two models from the Health Insurance and Managed
Care Committee: the Individual Market Health Insurance Coverage Model Act
as well as the Small Group Market Health Insurance Coverage Model Act.
"We are pleased to officially adopt the committee charges, which
form the framework of our regulatory agenda in 2013," said Jim
Donelon, NAIC President and Louisiana Insurance Commissioner. "These
charges articulate our most pressing initiatives and priorities, and
highlight the ambitious goals of our committees."
Two new Executive Committee-level Task Forces were also established: the
Principle-Based Reserving (PBR) Implementation Task Force, which will
coordinate the work of NAIC technical groups addressing PBR issues; and the
Financial Stability Task Force, which will consider issues concerning
domestic or global financial stability as they pertain to the role of state
for a complete listing of the NAIC's 2013 committee charges.
Click HERE for
more information about the NAIC's committees and activities.