Executive (EX) Committee
December 2, 2007

The Executive (EX) Committee met on Monday, December 2, 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; Climate Change and Global Warming Task Force; Government Relations Leadership Council Task Force; and Speed-to-Market Task Force).

• Determined that the following model met the criteria for development as a Model Act:
• Model Regulation to Define Standards and Commissioner’s Authority for Companies Deemed to be in Hazardous Financial Condition.

• Heard Oral Quarterly Reports on Model Law Development Efforts for the following:
• Medical Malpractice Closed Claim Reporting Model Law
• Property and Casualty Insurance Guaranty Association Model Act (Model #540)
• Life and Health Guaranty Association Model Act (#520)
• Uniform Health Carrier External Review Model Act
• Model Regulation to Implement the NAIC Medicare Supplement Minimum Standards Model Act (#651)
• Determining Reserve Liabilities for Pre-need Life Insurance Model Regulation

• Adopted 2008 Committee, Subcommittee, and Task Force Charges. 

• Adopted the report of the Internal Administration (EX1) Subcommittee of December 2, 2007. 

• Adopted the 2008 NAIC Budget, which will be considered as a separate item by Plenary today.

• Received the report of the NIPR Board of Directors. 

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

• Received the report of the IIPRC.

• Received the report of Achievements by the NAIC/Consumer Liaison Committee. 

• Heard Zone Election Results.