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The mission of the Examination Oversight (E) Task Force is to monitor all aspects of the financial examination process and to identify, investigate, and develop solutions to problems related to financial examinations; to monitor and refine the Financial Analysis Solvency Tools including the NAIC Financial Analysis Handbook; to oversee the Analyst Team Project; to review details of examination surveillance process; to monitor the development of tests for determining when a financial examination of an insurer is necessary; to establish procedures for flow of information between states on troubled companies; to enhance the quality and timeliness of financial examinations and monitor additions to the NAIC Financial Condition Examiners Handbook covering this area; and to monitor the examination schedules in various states and assist the states in developing methods to maintain current schedules.
2008 Charges
- Monitor the usage of the Form A Database and encourage state participation.
- Maintain the NAIC Group Report, oversee lead state designations and monitor progress on the examination coordination initiative.
- Recommend salary rate adjustments for examiners.
- Conduct a comprehensive study evaluating financial examiner salary rates in relation to similar industry positions and other functional regulator salary rates.
Charges that Represent New Objectives and Goals, Representing New NAIC Programs
- Produce in coordination with the Receivership and Insolvency Task Force, revisions to Model 385 – Model Regulation to Define Standards and Commissioner’s Authority for Companies Deemed to be in Hazardous Financial Condition.
- Consider the FHLB request to be included in the Model Regulation on Custodial Agreements and the use of Clearing Corporations and provide its recommendation to the Financial Condition E Committee.
The following groups report to the Examination Oversight Task Force:
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