Download the meeting summary here.
The Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) Summer 2025 National Meeting which was held in Minneapolis, MN. We have prepared a summary of the open sessions conducted over the course of the meeting highlighting issues that various NAIC groups addressed.
What You Need to Know:
- The Risk-Based Capital Model Governance (EX) Task Force discussed and heard comments related to the proposed preliminary Risk-Based Capital (RBC) principles and questions;
- The Financial Condition (E) Committee appointed the Reciprocal Exchanges (E) Working Group and adopted a request to make changes to Insurance Holding Company System Regulatory Act and/or Insurance Holding Company System Model Regulation related to fair and reasonable standards related to reciprocal exchange transactions;
- The Homeowners Market Data Call (C) Task Force discussed proposed changes to the homeowners data call templates and definitions;
- The Health Insurance and Managed Care (B) Committee adopted the Long-Term Care Insurance Multistate Rate Review Framework;
- The Executive (EX) Committee and Plenary adopted Actuarial Guideline LV- Application of the Valuation Manual for Testing the Adequacy of Reserves Related to Certain Life Reinsurance Treaties
Download the meeting summary
here.
