Regulatory Update: NAIC Summer 2021 National Meeting

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Stephanie H. Dobecki, Ellen M. Dunn, Andrew Holland, Michael L. Rosenfield, Chris Burusco, Sara N. Africano and Jacob A. Grossman 2021 09 20

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. As a result of the continuing COVID-19 pandemic, the NAIC met in a hybrid format with attendees participating both in person and virtually. This post summarizes the highlights from this meeting in addition to interim meetings that were held during July in lieu of taking place during the Summer Meeting. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. 71, and an amendment to the purposes and procedures manual to add instructions for review of funds.

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