Financial Condition (E) Committee
Financial Condition (E) Committee Page
Joint Executive (EX) / Plenary Committee Summary Report
Fall 2009 Meeting Summaries Index

The Financial Condition (E) Committee met Sept. 24, 2009. During this meeting, the Committee:

• Adopted a proposal to form a new group called the Separate Accounting Risk Charge Working Group to study the need for new regulatory requirements for risk charges assumed by the general account in support of individual separate account products.

• Adopted its 2010 Charges, including revisions to the charges of the Reinsurance Task Force that were presented during the meeting.

• Adopted the reports of the following Task Forces and Working Groups:
• Accounting Practices and Procedures Task Force, excluding action on SSAP No. 10
• Capital Adequacy Task Force
• Examination Oversight Task Force
• Receivership and Insolvency Task Force
• Reinsurance Task Force
• Risk Retention Group Task Force
• Valuation of Securities Task Force
• Financial Analysis Working Group
• Investment of Insurers Model Act Revisions Working Group
• NAIC/AICPA Working Group
• National Treatment and Coordination Working Group
• Restructuring Mechanisms for Troubled Companies Subgroup

• Adopted conceptual changes to SSAP No. 10 regarding deferred tax assets (DTAs) and released for a one-week comment period the draft SSAP No. 10 language. This proposal originated from a Capital and Surplus Relief Working Group recommendation, but additional regulatory requirements were included in the adopted concept, including a specific reporting location, disclosure requirements, and a sunset provision as of year-end 2010.