Executive (EX) Committee
September 30, 2007

The Executive (EX) Committee met on Sunday, September 30, 2007. During this meeting, the Committee:

Heard and adopted reports from its working groups and task forces. (Military Sales Working Group; Principles-Based Working Group; Broker Activities Task Force; Climate Change and Global Warming Task Force; Government Relations Leadership Council Task Force; and Speed-to-Market Task Force).

Adopted recommendations from Executive Committee Retreat as follows:

Continue to focus on model laws that represent national issues and need commissioner-level commitment. Highlighted producer licensing uniformity as a key initiative this year, and have organized a Coalition of regulators and national producer trade associations to partner on this very important work.

Through the work of the Coalition, the Executive Committee is driving a number of meaningful activities. Reviewing options to simplify the licensing of business entities, with plans to simplify this process for business entity applicants. Embarking on a national on-site assessment of the states’ compliance with the reciprocity requirements of the Gramm-Leach-Bliley Act and progress toward full implementation of the national uniform licensing standards. Developing more uniform practices in the reporting and approval of continuing education standards across the states.

The Committee outlined its plans in the coming year to focus on:

(1) Continued reforms in market regulation processes; and

(2) Reforms in the nation’s health care regulation.

Determined that the following models met the criteria for development as a Model Act:

Model Regulation to Implement the NAIC Medicare Supplement Minimum Standards Model Act (#651)

Standard Nonforfeiture Law for Life Insurance (#808)

Standard Valuation Model Law (#820)

Life and Health Guaranty Association Model Act (#520)

Property and Casualty Insurance Guaranty Association Model Act (Model #540)

Determining Reserve Liabilities for Pre-need Life Insurance Model Regulation

Deferred consideration of the Uniform Individual Health Insurance Underwriting Application Form Model Law for development of a Model Act.

Heard Oral Quarterly Reports on Model Law Development Efforts for the following:

Medical Malpractice Closed Claim Reporting Model Law

Long-Term Care Insurance Model Act – Section 9 Producer Training Requirements

Uniform Health Carrier External Review Model Act

Adopted a new Charge for the Market Conduct and Consumer Affairs (D) Committee to charge the Producer Licensing Working Group with developing a national handbook of best practices in the producer licensing process.

Adopted the report of the Internal Administration (EX1) Subcommittee of September 29, 2007.

Received the report of the NIPR Board of Directors.

Received and ratified the report of the SERFF Board of Directors.