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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 insurance regulators.
     

Click HERE for a complete listing of the NAIC's 2013 committee charges.

Click HERE for more information about the NAIC's committees and activities.
     

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About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.

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