The National Association of Insurance Commissioners (NAIC) is the standard-setting and regulatory support organization created and governed by the chief insurance regulators of the several states, territories and possessions of the United States. In suppport of their efforts to promote enterprise risk management and risk and solvency assessment tools, they have promulgated their own Risk and Solvency Assessment model act. As of this date, the Act has already been enacted in California, Iowa, Maine, New Hampshire, Pennsylvania, Rhode Island and Vermont. Other states have adopted the Act or a similar requirement via bulletin.

Participants in this webinar will learn:

• The purpose and scope of this act
• The risk management framework
• A perspective on the requirements imposed on carriers