Preview: NAIC Summer 2025 National Meeting

The National Association of Insurance Commissioners (the “NAIC”) will hold its Summer 2025 National Meeting (the “Summer National Meeting”) from August 10 to August 13, 2025. The hybrid format will consist of meetings taking place virtually and in person in Minneapolis, Minnesota. Willkie attorneys will attend to follow the key topics listed below, among others. A link to the full agenda for this meeting is available here. Please contact any of the attorneys listed below if you would like to discuss these or other topics before or after the Summer National Meeting.

• The Financial Condition (E) Committee will consider forming a Reciprocal Exchanges (E) Working Group, receive a proposal to rename the Risk Retention Group (E) Task Force, and consider related 2026 proposed charges. In addition, expected activities of the Committee’s working groups and task forces at the Summer National Meeting include that:
  • The Statutory Accounting Principles (E) Working Group (“SAPWG”) is expected to adopt previously proposed guidance related to negative interest maintenance reserve (IMR). SAPWG will also hear comments on agenda items related to risk transfer analysis of combination reinsurance agreements and residential mortgage loans held in statutory trusts. SAPWG will also discuss proposed reporting requirements for private placement securities, as well as non-bond debt security and residual interest disclosures.

Click here for a preview of some of the key topics that Willkie attorneys will be following at the upcoming Summer National Meeting.