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Monday, November 13th
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Examiners Handbook Amendment Procedures

Financial Examination Tools & Resources

Financial Condition Examiners Handbook Updates and Related Tools
User ID and password required
User ID and password located on the introductory page of the current Financial Condition Examiners Handbook

Financial Examiners Compensation and GERP Rates

Custodial or Safekeeping Agreements - Section 1, Part F - Outsourcing of Critical Functions
[Word] [PDF]
For Internal Use Only - for reference in completing blank

Financial Condition Examiners Handbook Revisions Proposal Form

Education & Training Events

Related NAIC Publications

Contacts

Financial Examiners Handbook (E) Technical Group

 

2017 Charges

  1. Continually review the Financial Condition Examiners Handbook and revise, as appropriate.

  2. Coordinate with the Risk-Focused Surveillance (E) Working Group to monitor the implementation of the risk-assessment process by developing additional guidance and exhibits within the Financial Condition Examiners Handbook, including consideration of potential redundancies affected by the examination process, corporate governance and other guidance as needed to assist examiners in completing financial condition examinations.

  3. Coordinate with the Financial Analysis Handbook (E) Working Group and the Risk-Focused Surveillance (E) Working Group, as appropriate, to develop and maintain guidance in order to provide effective solvency monitoring.

  4. Coordinate with the IT Examination (E) Working Group and Financial Examiners Coordination (E) Working Group to maintain specialized areas of guidance within the Financial Condition Examiners Handbook related to the charges of these specific working groups.

  5. In compliance with the framework developed by the PBR Review (EX) Working Group:

    1. Provide advice to regulators, identifying and judging risk, building repositories, evaluating controls, determining the extent of data quality testing (by actuaries and examiners), identifying frequency of model reviews and documenting best practices. Address all risks, financial and non-financial; e.g., enterprise risk management (ERM), board, corporate governance and the Own Risk and Solvency Assessment (ORSA).

    2. Adjust the Financial Condition Examiners Handbook to develop principle-based reserving (PBR) changes.

2018 Proposed Charges

The Financial Examiners Handbook (E) Technical Group will:

  1. Continually review the Financial Condition Examiners Handbook and revise, as appropriate.

  2. Coordinate with the Risk-Focused Surveillance (E) Working Group to monitor the implementation of the risk-assessment process by developing additional guidance and exhibits within the Financial Condition Examiners Handbook, including consideration of potential redundancies affected by the examination process, corporate governance and other guidance as needed to assist examiners in completing financial condition examinations.

  3. Coordinate with the Financial Analysis Handbook (E) Working Group and the Risk-Focused Surveillance (E) Working Group, as appropriate, to develop and maintain guidance in order to provide effective solvency monitoring.

  4. Coordinate with the IT Examination (E) Working Group and the Financial Examiners Coordination (E) Working Group to maintain specialized areas of guidance within the Financial Condition Examiners Handbook related to the charges of these specific working groups.

  5. In compliance with the framework developed by the PBR Review (EX) Working Group:

    1. Continue to provide advice to regulators, identifying and judging risk, building repositories, evaluating controls, determining the extent of data quality testing (by actuaries and examiners), identifying frequency of model reviews and documenting best practices. Address all risks, financial and non-financial; —e.g., enterprise risk management (ERM), board, corporate governance and the Own Risk and Solvency Assessment (ORSA).

    2. Continue to adjust the Financial Condition Examiners Handbook based upon any recommendations as requested from the Life Actuarial (A) Task Force to incorporate principle-based reserving (PBR) changes.