Preview: NAIC Fall 2024 National Meeting

The National Association of Insurance Commissioners (the “NAIC”) will hold its 2024 Fall National Meeting (the “Fall
National Meeting”) from November 16 to November 19, 2024. The hybrid format will consist of meetings taking place virtually
and in person in Denver, Colorado. 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 Fall National Meeting.

• The Financial Condition (E) Committee will continue discussion of the proposed Framework for Regulation of
  Insurer Investments – A Holistic Review. Below are the expected activities of its working groups and task forces at
  the Fall National Meeting:
• The Statutory Accounting Principles (E) Working Group (SAPWG) will hear comments on previously
  exposed items, including a Q&A on the principles-based bond definition which is effective on January 1, 2025,
  collateral loan reporting, and repack and derivative investments. SAPWG will receive updates on the Interest
  Maintenance Reserve Ad Hoc Subgroup and the implementation of the new bond definition.
• The Valuation of Securities (E) Task Force (VOSTF) will consider adoption of proposed “non-substantive”
  updates to the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) related
  to annual reviews of regulatory transactions, NAIC use of credit rating providers, and references to investment
  risk in the Manual. VOSTF will also receive an update on the development of a modeling methodology for
  collateralized loan obligations.

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