Examination Oversight (E) Task Force
Examination Oversight (E) Task Force Page
Joint Executive (EX) / Plenary Committee Summary Report
Fall 2009 Meeting Summaries Index

The Examination Oversight Task Force met Sept. 22, 2009. During this meeting, the Task Force:

• Discussed a survey of the states regarding progress toward adopting the revised Model Regulation to Define Standards and Commissioner’s Authority for Companies Deemed to be in Hazardous Financial Condition (#385). Based on the results of the survey, two states have adopted the revisions, 30 states plan to adopt the revisions, eight states plan to adopt the revisions with minor changes, three states do not plan to adopt the revisions, six states are undecided, and two states did not provide a response. Of the states that plan to adopt the revisions, nine states plan to complete the adoption in 2009, 12 in 2010, four in 2011, and 19 do not yet have a timeline for adoption. No states have indicated that problems are anticipated in adopting the model revisions. NAIC staff will continue to update this survey on a quarterly basis, and the results will be discussed at each national meeting.

• Adopted salary rate adjustments for financial examiners by reviewing changes in the Consumer Price Index over the past year.

• Adopted the 2010 charges of the Task Force and its working groups. 
   
• Adopted the reports of the Analyst Team System Oversight Working Group, Financial Analysis Handbook Working Group, Financial Examiners Coordination Working Group, Financial Examiners Handbook Technical Group and IT Examination Working Group.