Preview: NAIC Spring 2025 National Meeting

The National Association of Insurance Commissioners (the “NAIC”) will hold its Spring 2025 National Meeting (the “Spring National Meeting”) from March 23 to March 26, 2025. The hybrid format will consist of meetings taking place virtually and in person in Indianapolis, Indiana. 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 Spring National Meeting.

• The Financial Condition (E) Committee will continue discussion of the proposed Framework for Regulation of Insurer Investments – A Holistic Review. In addition, below are the expected activities of its working groups and task forces at the Spring National Meeting:
  • The Statutory Accounting Principles (E) Working Group (“SAPWG”) will hear comments on previously exposed items, including disclosure of modified coinsurance (Modco) and funds withheld assets, updates to Schedule BA for collateral loan reporting, accounting guidelines for investment subsidiaries and accounting, reporting and Risk-Based Capital (“RBC”) guidance for repurchase agreement and securities lending transactions. SAPWG will also discuss new proposed agenda items, including a proposed definition of interest maintenance reserve (IMR) for SSAP No. 7— Asset Valuation and Interest Maintenance Reserve.

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