Committees & Activities

International Solvency and Accounting Standards (E)
Working Group
Financial Condition (E) Committee
Solvency Modernization Initiative (E) Task Force

2014 Charges

  • Assist the Committee with the Statutory Accounting and Financial Reporting focus area in the Solvency Modernization Initiative.—Important

  • Critically review and provide input and drafting to the IAIS Insurance Contracts Subcommittee; IAIS Solvency and Actuarial Issues Subcommittee; and on IAIS papers as assigned by the parent Committee. From this work, identify future initiatives to improve the U.S. regulatory solvency system.—Important

  • Analyze other financial supervisory modernization initiatives, to the extent appropriate. Analysis should include the International Accounting Standards Board (IASB) accounting standards development.—Important

  • Monitor and provide comments directly or to the IAIS on the IASB developments and on the IASB and Financial Accounting Standards Board (FASB) joint convergence projects related to insurance accounting issues. Coordinate with the Statutory Accounting Principles (E) Working Group to provide responses to the FASB on joint projects; and report findings relative to these developing issues to the Accounting Practices and Procedures (E) Task Force.—Important

  • In consultation with the Statutory Accounting Principles (E) Working Group, monitor international and national accounting standards development and Securities and Exchange Commission (SEC) policy decisions and develop a recommendation to the NAIC membership regarding the future of U.S. statutory accounting.—Essential


Conference Call Calendar

NAIC conference calls & interim meetings are available on the NAIC Conference Call Calendar. See NAIC's revised policy statement on open meetings.

There are no advance materials at this time.

education & training events

There are no education or training events at this time.

Go to the exposure draft index.

There are no exposure drafts at this time.

documents and resources
Risk Margins Memo

IAIS & IASB Insurance Contracts

  1. IAIS Second Liabilities Paper - final
  2. IASB Fair Value: Issues
  3. IASB Fair Value: SFAS 157
  4. Discussion Paper: Preliminary Views on Insurance Contracts Part 1
  5. Discussion Paper: Preliminary Views on Insurance Contracts Part 2 - Appendices
  6. Tentative Positions on IASB Phase II Insurance Contracts
  7. IAIS Comments on IAIS Phase II Insurance Contracts as of Dec. 4, 2007
  8. IAIS Comments on Insurance Contracts ED
Related NAIC Publications

Minutes for the four most recent NAIC National Meetings are available free for meeting attendees and members. Members may access minutes via StateNet. If you do not know your User ID or password, please contact the NAIC Help Desk.

Media queries should be directed to the NAIC Communications Division at 816-783-8909 or
Robert M. R. Esson
Senior Manager, Global Insurance Markets
Phone: 816.783.8131
Please see the current Committee List for a complete list of committee members.