NAIC Summer 2023 National Meeting Update

Discover the latest investment accounting updates from the NAIC’s Summer 2023 National Meeting.

Clearwater’s market insight paper covers updates from the:

• Statutory Accounting Principles Working Group (SAPWG)
• Valuation of Securities Task Force (VOSTF)
• Financial Condition (E) Committee
• Risk-Based Capital Investment Risk and Evaluation Working Group (RBCIREWG)
• Life-Risk Based Capital Working Group (LRBCWG)

Read about the SVO’s discretion over notching down NAIC Designations derived from the filing exemption process and removing individual securities from FE eligible to FE ineligible. This paper also includes an update on the E Committee’s proposal on the Insurers Investment Regulation Framework, which originated from the comment letters received from various stakeholders, including eight congressmen, on July 25.

Download the full report for more details.