Financial Condition (E) Committee
December 4, 2007

The Financial Condition Committee met in Houston, TX and took the following actions:

1.     Adopted the Report of the Accounting Practices and Procedures Task Force;

2.     Adopted the Report of the Capital Adequacy Task Force;

3.     Adopted the Report of the Examination Oversight Task Force;

4.     Adopted the Report of the Receivership and Insolvency Task Force, including guidance for receivers on maintaining confidentiality of information;

5.     Adopted the Report of the Reinsurance Task Force, including the Reinsurance Framework Memorandum;

6.     Received the Report of the Risk Retention Group Task Force;

7.     Adopted the Report of the Valuation of Securities Task Force;

8.     Adopted the Report of the Disaster Reporting Working Group, including the Disaster Reporting Framework and Implementation Plan;

9.     Received the Report of the Financial Analysis Working Group;

10.   Adopted the Report of the Hybrid RBC Working Group;

11.   Received the Report of the International Solvency and Accounting Working Group;

12.   Received the Report of the NAIC/AICPA Working Group;

13.   Adopted the Report of the National Treatment and Coordination Working Group; and

14.   Adopted the Report of the Risk Assessment Working Group;