NAIC Adopts 2013 Committee Charges



Washington, DC ( - The National Association of Insurance Commissioners (NAIC) held a joint call of the Executive Committee/Plenary, during which the NAIC formally adopted its 2013 committee charges.

Members also adopted two models from the Health Insurance and Managed Care Committee: the Individual Market Health Insurance Coverage Model Act as well as the Small Group Market Health Insurance Coverage Model Act.

"We are pleased to officially adopt the committee charges, which form the framework of our regulatory agenda in 2013," said Jim Donelon, NAIC President and Louisiana Insurance Commissioner. "These charges articulate our most pressing initiatives and priorities, and highlight the ambitious goals of our committees."

Two new Executive Committee-level Task Forces were also established: the Principle-Based Reserving (PBR) Implementation Task Force, which will coordinate the work of NAIC technical groups addressing PBR issues; and the Financial Stability Task Force, which will consider issues concerning domestic or global financial stability as they pertain to the role of state insurance regulators.

Click HERE for a complete listing of the NAIC's 2013 committee charges.

Click HERE for more information about the NAIC's committees and activities.

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