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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The GCC uses a risk-based capital (RBC) aggregation approach intended to act as an additional group supervisory tool for regulators, in conjunction with the Form F Enterprise Risk Report, Own Risk and Solvency Assessment (ORSA) report, and the Corporate Governance Annual Disclosure. 71 for future reference. Proposed revisions to SSAP No.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

1. NAIC to Develop New Privacy Model Law. The NAIC approved the request of the Privacy Protections (H) Working Group (Privacy Working Group) to draft a new model law to enhance consumer protections and specify the corresponding obligations of licensed entities.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation. A draft of the FAQ document was exposed for a 30-day comment period to seek feedback regarding whether additional topics should be included in the document.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Increasingly, thought leaders, professional organizations, and government agencies are beginning to provide answers. Creating an enterprise-wide governance structure. More and more, directors are viewing cyber-risk under the broader umbrella of corporate strategy and searching for ways to help mitigate that risk.