Conference Call
Thursday, May 30, 2019
2:00 p.m. Eastern / 1:00 p.m. Central / 12:00 Noon Mountain / 11:00 a.m. Pacific / 10:00 a.m. Alaska / 8:00 a.m. Hawaii
Call duration: 1 hour

2019 Spring National Meeting
Sunday, April 7, 2019
2:00 - 3:00 p.m.
JW Marriott Orlando—Palazzo Ballroom Salons D & E—Lobby Level

  • Agenda 3/26/2019
  • Materials 4/1/2019
    -Attachment Four-C added 3/26
    -Attachment One updated 3/27
    -Attachment One updated for corrections 4/1

There are no exposure drafts at this time.


Adopted Interim Changes to the Purposes & Procedures Manual of the Investment Analysis Office

VOS Task force Referrals to Other Groups

Related NAIC Publications


Valuation of Securities (E) Task Force


The mission of the Valuation of Securities (E) Task Force is to provide regulatory leadership and expertise to establish and maintain all aspects of the NAIC's credit assessment process for insurer-owned securities, as well as produce insightful and actionable research and analysis regarding insurer investments.


2019 Charges

The Valuation of Securities (E) Task Force will:

  1. Review and monitor the operations of the NAIC Securities Valuation Office (SVO) and the NAIC Structured Securities Group (SSG) to ensure they continue to reflect regulatory objectives.

  2. Maintain and revise the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) to provide solutions to investment-related regulatory issues for existing or anticipated investments.

  3. Monitor changes in accounting and reporting requirements resulting from the continuing maintenance of the Accounting Practices and Procedures Manual, as well as financial statement blanks and instructions, to ensure that the P&P Manual continues to reflect regulatory needs and objectives.

  4. Consider whether improvements should be suggested to the measurement, reporting and evaluation of invested assets by the NAIC as the result of: 1) newly identified types of invested assets; 2) newly identified investment risks within existing invested asset types; or 3) elevated concerns regarding previously identified investment risks.

  5. Identify potential improvements to the credit filing process, including formats and electronic system enhancements.

  6. Provide effective direction to the NAIC's mortgage-backed securities modeling firms and consultants.

  7. Coordinate with other NAIC working groups and task forces—including, but not limited to, the Capital Adequacy (E) Task Force, the Investment Risk-Based Capital (E) Working Group, the Statutory Accounting Principles (E) Working Group and the Blanks (E) Working Group—to formulate recommendations and to make referrals to such other NAIC regulator groups to ensure expertise relative to investments, or the purpose and objective of guidance in the P&P Manual, is reflective in the guidance of such other groups and that the expertise of such other NAIC regulatory groups and the objectives of their guidance is reflected in the P&P Manual.

  8. Implement to the different areas of the NAIC, and to the state-based insurance regulatory structure, the modification of the existing NAIC credit assessment framework by adding NAIC designation categories. Complete by the 2019 Fall National Meeting.