Market Information Systems (D) Task Force
Market Regulation and Consumer Affairs (D) Committee

2012 Charges

The mission of the Market Information Systems (D) Task Force is to provide business expertise regarding the desired functionality of the NAIC Market Information Systems and the prioritization of regulatory requests for the development and enhancements to the NAIC Market Information Systems.

Ongoing Support of NAIC Programs, Products, or Services:

1. Using the “Voice of the Customer” Report, Market Regulation Handbook and Market Analysis Framework as references, finalize a strategic action plan to be used to develop a Business and Financial Impact Statement to make changes to the market systems. This would consist of identifying the “best practices” for market regulators’ processes; defining the overall strategy for the role of Market Information Systems in support of these processes; comparing the existing systems to the automation needs associated with those processes; evaluating the gaps; and identifying and prioritizing projects to close those gaps. The Market Information Systems include: 1) Market Analysis Prioritization Tool (MAPT); 2) Market Analysis Review System (MARS); 3) Complaint Database System (CDS); 4) Examination Tracking System (ETS); 5) Regulatory Information Retrieval System (RIRS); 6) Market Initiatives Tracking System (MITS); 7) Special Activities Database (SAD) (in conjunction with the Antifraud (D) Task Force); and 8) Market Conduct Annual Statement (MCAS).—Essential

2. Appoint a Market Analysis Procedures (D) Working Group to: 1) Develop an MCAS blank to be used for the collection of data for an additional line of business; 2) Make recommendations for the enhancement and improvement of the Market Regulation Handbook market analysis chapters; 3) Develop a best practices guide to be used by state insurance regulators to analyze the MCAS data on a company-specific, group and national basis; 4) Make recommendations for the enhancement and improvement of the content used in the Market Analysis Tools; and 5) Provide recommendations regarding the refinements and expansions to the MCAS data elements.—Essential

3. Develop data-reporting standards and data-editing protocols to ensure consistent collection and storage of market regulation data that are accurate, complete and conform to all NAIC standards.—Essential

4. Serve as the business partner to review and prioritize submitted Uniform System Enhancement Request (USER) forms to ensure an efficient use of available NAIC staffing and resources.—Essential