Committees & Activities

Reinsurance Task Force
Financial Condition (E) Committee

The mission of the Reinsurance (E) Task Force is to monitor and coordinate activities and areas of interest, which overlap to some extent the charges of other working groups, specifically the International Insurance Relations (G) Committee.

2014 Charges

  • Provide a forum for the consideration of reinsurance-related issues of public policy. —Essential
  • Oversee the activities of the Reinsurance Financial Analysis (E) Working Group.—Essential
  • Oversee the activities of the Qualified Jurisdiction (E) Working Group.—Essential
  • Monitor the implementation of the revised Model #785 and #786 by NAIC member jurisdictions.—Essential
  • Communicate and coordinate with the Federal Insurance Office and other federal authorities on matters pertaining to reinsurance.—Essential
  • Consider recommendations referred to the Task Force with respect to the Captives and Special Purpose Vehicles (SPV) white paper.—Essential
  • Undertake a re-examination of the collateral amounts within the revised Model #785 and Model #786.—Essential
  • Consider any other issues related to the revised Model #785 and Model #786.—Important
  • Monitor the development of international principles, standards and guidance with respect to reinsurance. This includes, but is not limited to, monitoring the activities of various groups within the International Association of Insurance Supervisors (IAIS), including the Reinsurance and Other Forms of Risk Transfer Subcommittee, Reinsurance Mutual Recognition Subgroup and Reinsurance Transparency Group.—Important
  • Consider the impact of reinsurance-related federal legislation, including, but not limited to, the Nonadmitted and Reinsurance Reform Act and the Federal Insurance Office Act, and coordinate any appropriate NAIC action.—Important

The following Working Groups report to the Reinsurance Task Force:

 

NAIC List of Qualified Jurisdictions

Summary of Findings and Recommendation Reports:

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.

The Reinsurance (E) Task Force currently has three items exposed for public comment.  Please note the specific comment deadline with respect to each item as indicated below:

documents and resources

July 10, 2014 Research Memorandum from staff of the NAIC Investment Analysis Office regarding interpretation of the phrase “Securities Listed by the Securities Valuation Office”

Reinsurance Collateral Amount Survey

3/19/14 Draft Uniform Application Checklist for Certified Reinsurers
Comments Received:

Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions as adopted by NAIC August 27, 2013

Instructions for Form CR-F and CR-S, as adopted by the Reinsurance Task Force August 13, 2012.

On November 6, 2011, the NAIC Executive (EX) Committee and Plenary adopted the revised Credit for Reinsurance Models, with additional amendments adopted during the meeting.

Recommendations Regarding Key Elements of the Reinsurance Framework for Accreditation Purposes - Recommendations were adopted by the Task Force on Oct. 18, 2010.
Reinsurance Regulatory Modernization Act of 2009 - This legislation was adopted by the Reinsurance Task Force on September 15, 2009.
Reinsurance Regulatory Modernization Framework Proposal Memorandum - The Sep. 12, 2008 proposal was adopted by the NAIC during the Winter 2008 National Meeting.
Finite Reinsurance
Related NAIC Publications
Captives and Special Purpose Vehicles White Paper

Model Laws, Regulations and Guidelines

US Reinsurance Collateral White Paper

Contacts
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.

Dan Schelp
Managing Attorney
Phone: 816.783.8027

Ryan Couch
Manager-Reinsurance & Surplus Lines
Phone: 816.783.8421
Fax: 816-460-7654
Please see the current Committee List for a complete list of committee members.