There are no advance materials at this time.

There are no exposure drafts at this time.

E Committee Maintenance Agenda Submission Form

SMI Dashboard

Revisions to Actuarial Guideline XXXVIII (AG 38) as adopted by the Life Insurance and Annuities (A) Committee and Financial Condition (E) Committee on September 6, 2012.

Risk Management and Own Risk and Solvency Assessment Model Act as adopted by the Financial Condition (E) Committee on September 6, 2012.

NAIC ORSA Guidance Manual

Financial Condition (E) Committee Efforts Regarding Separate Accounts

US Solvency Framework

E Committee Technical Changes
(Adopted by Plenary Process)

June 4, 2009 State Government Representative Webinar: NAIC Solvency Activities Review

Related NAIC Publications


Financial Condition (E) Committee

The mission of the Financial Condition (E) Committee is to be the central forum and coordinator of solvency-related considerations of the NAIC relating to accounting practices and procedures; blanks; valuation of securities; the Insurance Regulatory Information System (IRIS); financial analysis and solvency; multi-state examinations and examiner training; and issues concerning insurer insolvencies and insolvency guarantees. In addition, the Committee interacts with the technical task forces.

2017 Charges

  1. Monitor all of the changes to the annual/quarterly financial statement blanks and instructions, RBC formulas, Financial Condition Examiners Handbook, Accounting Practices and Procedures Manual, Financial Analysis Handbook, Purposes and Procedures Manual of the NAIC Investment Analysis Office, NAIC model laws, NAIC accreditation standards and other NAIC publications.

  2. Coordinate the remaining activities with respect to the Solvency Modernization Initiative (SMI), including implementation, any remaining policy decisions and ongoing discussions with respect to new ideas to improve solvency regulation.

  3. Appoint and oversee the activities of the following: Accounting Practices and Procedures (E) Task Force; Capital Adequacy (E) Task Force; Examination Oversight (E) Task Force; Receivership and Insolvency (E) Task Force; Reinsurance (E) Task Force; Risk Retention Group (E) Task Force; and Valuation of Securities (E) Task Force.

  4. Consider the development of a template/checklist of questions that state insurance departments could use to facilitate the review of an insurer’s risk management program at the time of a policy form filing related to a contingent deferred annuity (CDA) consistent with the recommendations from the Contingent Deferred Annuity (A) Working Group.

  5. Review and determine whether revisions to the Synthetic Guaranteed Investment Contracts Model Regulation (#695) are needed to clarify its relationship with CDAs.

  6. Recommend salary rate adjustments for examiners.

  7. Utilize the Risk-Focused Surveillance (E) Working Group to address specific industry concerns regarding regulatory redundancy and review any issues industry subsequently escalates to the Committee.

  8. Oversee a process to address financial issues that may compromise the consistency and uniformity of the U.S. solvency framework, referring valuation and other issues to the appropriate committees as needed.

  9. Consider and develop contingency regulatory plans to continue to protect U.S. insurance consumers and U.S. ceding insurance companies from potential adverse impact resulting from covered agreement negotiations.