Financial Examiners Handbook Technical Group
Financial Condition (E) Committee
Examination Oversight Task Force

2009 Charges

• Continue to incorporate the assessment of risk and of risk management in the financial solvency oversight role.
• Continually review the NAIC Financial Condition Examiners Handbook and revise as appropriate.
• Annually review the Examination Procedures included within the NAIC Financial Condition Examiners Handbook for updates in response to revisions to the NAIC Accounting Practices and Procedures Manual.
• Continually review the Annual Financial Reporting Model Regulation and revise the NAIC Financial Condition Examiners Handbook as deemed appropriate.
• Monitor the implementation of the revised risk-assessment process by receiving feedback, conducting training courses and performing ongoing maintenance as well as developing additional guidance and exhibits within the NAIC Financial Condition Examiners Handbook as needed to assist examiners in completing financial condition examinations.
• Review current guidance in the NAIC Financial Condition Examiners Handbook regarding the examination of reserve liabilities for life insurance companies and recommend appropriate revisions based on the finalized principles-based reserving standards.
• Upon notice that a security has been placed under regulatory review, the Chair of Financial Examiners Handbook (E) Technical Group or his or her representative will be deemed a member of the Invested Asset (E) Working Group of the Valuation of Securities (E) Task Force. The Chair or his or her representative is charged with contributing the perspective and expertise of the regulatory group to the development of NAIC regulatory guidance for the security under review.