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At the 2018 Summer National Meeting, the Financial Regulation Standards and Accreditation (F) Committee voted to expose the following items. Comment letters should be emailed to Becky Meyer at prior to Wednesday,September 5, 2018.

  1. ORSA Analysis Timing Guidelines
  2. Oversight of Contractors in Financial Analysis**

Related NAIC Publications


Financial Regulation Standards and Accreditation (F) Committee

Mission Statement

The mission of the NAIC accreditation program is to establish and maintain standards to promote sound insurance company financial solvency regulation. The accreditation program provides a process whereby solvency regulation of multi-state insurance companies can be enhanced and adequately monitored with emphasis on the following:

  1. Adequate solvency laws and regulations in each accredited state to protect consumers and guarantee funds.

  2. Effective and efficient financial analysis and examination processes in each accredited state.

  3. Appropriate organizational and personnel practices in each accredited state.

  4. Effective and efficient processes regarding the review of organization, licensing and change of control of domestic insurers in each accredited state.

2018 Charges

  1. Maintain and strengthen the NAIC Financial Regulation Standards and Accreditation Program.
  2. Assist the states, as requested and as appropriate, in implementing laws, practices and procedures, and with obtaining personnel required for compliance with the standards.
  3. Conduct a yearly review of accredited jurisdictions.
  4. Consider new model laws, new practices and procedures, and amendments to existing model laws and practices and procedures required for accreditation and determine timing and appropriateness of addition of such new model laws, new practices and procedures, and amendments.
  5. Render advisory opinions and interpretations of model laws required for accreditation and on substantial similarity of state laws.
  6. Review existing standards for effectiveness and relevancy and make recommendations for change, if appropriate.
  7. Produce, maintain and update the NAIC Accreditation Program Manual to provide guidance to state insurance regulators regarding the official standards, policies and procedures of the program.
  8. Maintain and update the “Financial Regulation Standards and Accreditation Program” pamphlet.
  9. Perform enhanced pre-accreditation review services, including, but not limited to, additional staff support, increased participation, enhanced report recommendations and informal feedback.
  10. As the various work products are adopted by the Principle-Based Reserving Implementation (EX) Task Force, the Executive (EX) Committee and the Plenary, consider them for inclusion in the Part A and Part B Accreditation Standards.

Recent Changes to Accreditation Standards

Effective January 1, 2017
Effective January 1, 2018
Effective January 1, 2019
Effective January 1, 2020