Financial Condition (E) Committee

The mission of the Financial Condition (E) Committee is to be the central forum and coordinator of solvency- related considerations of the NAIC relating to accounting practices and procedures; blanks; valuation of securities; financial analysis and solvency; multistate examinations and examiner and analysis training; and issues concerning insurer insolvencies and insolvency guarantees. In addition, the Committee interacts with the technical task forces.

2025 Charges

The Financial Condition (E) Committee will:
1. Monitor all of the changes to the annual/quarterly financial statement blanks and instructions, risk-based capital (RBC) formulas, Financial Condition Examiners Handbook, Accounting Practices and Procedures Manual (AP&P Manual), Financial Analysis Handbook, Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual), NAIC model laws, NAIC accreditation standards, and other NAIC publications.
2. Appoint and oversee the activities of the following: Accounting Practices and Procedures (E) Task Force; Capital Adequacy (E) Task Force; Financial Stability (E) Task Force; Examination Oversight (E) Task Force; Receivership and Insolvency (E) Task Force; Reinsurance (E) Task Force; Risk Retention Group (E) Task Force; and Valuation of Securities (E) Task Force.
3. Oversee the implementation of the NAIC’s “Framework for Regulation of Insurer Investments – A Holistic Review,” ensuring that updates or reviews of the Risk-Based Capital (RBC) framework align with the Framework’s principles and take into consideration insurers evolving role of the insurance sector in financing the economy and reducing the protection gap.
4. Oversee a process to address financial issues that may compromise the consistency and uniformity of the U.S. solvency framework, referring valuation and other issues to the appropriate committees as needed.
5. Use the Risk-Focused Surveillance (E) Working Group to address specific industry concerns regarding regulatory redundancy, and review any issues that industry subsequently escalates to the Committee.

Upcoming Meeting

Public Webex Meeting
Monday, July 28, 2025
1:30 PM ET, 12:30 PM CT, 11:30 AM MT, 10:30 AM PT
Expected Duration: 1 hour
Webex Link

The purpose of the call will be to receive and discuss comments received on the Committee’s proposed reorganization of the Valuation of Securities (E) Task Force and its related proposed charges.

Materials

Calendar

National Meeting

Financial Condition (E) Committee
Wednesday, August 13, 2025
8:00 AM - 9:00 AM CDT

Minneapolis Convention Center—Ballroom—Level 1

Sort by Date

Choose the order in which meetings are listed.

Public Webex Meeting
Monday, July 28, 2025
1:30 PM ET, 12:30 PM CT, 11:30 AM MT, 10:30 AM PT
Expected Duration: 1 hour
Webex Link

The purpose of the call will be to receive and discuss comments received on the Committee’s proposed reorganization of the Valuation of Securities (E) Task Force and its related proposed charges.

Materials

National Meeting

Financial Condition (E) Committee
Wednesday, March 26, 2025
8:00 AM - 8:45 AM EDT

JW Marriott Indianapolis—JW Grand 5–10—Level 3

Agenda

Agenda & Materials

Summary

Minutes

See all Current Exposure Drafts

The Committee exposed a proposed reorganization of the Valuation of Securities (E) Task Force which is intended to help achieve many of the objectives of the Committee’s Investment Framework. The NAIC has engaged PWC to assist in developing the Due Diligence Framework, which is related to aspects of this reorganization and the Investment Framework, and Bridgeway Analytics to assist the new Risk-Based Capital Model Governance (EX) Task Force, which is also related to the Investment Framework. Please submit any comments to this memorandum to Dan Daveline by COB July 21.

Proposed Investment Framework Charges

Exposure Drafts Still Open For Consideration with Comments Received:

Investment Framework

Oct. 2024 Investment Framework

Framework for Investments

Framework for Investments Comments

Memorandum of Support 5/23/22

E Committee Maintenance Agenda Submission Form

State Adoption Maps

US Solvency Framework

GCC Recognize and Accepts Process

NAIC ORSA Guidance Manual

Efforts Regarding Separate Accounts

E Committee Technical Changes
(Adopted by Plenary Process)

Insurance Topics

Our improved resource can help you navigate committee-curated topics for a comprehensive understanding.

Explore

Related NAIC Publications

Committee and task force minutes PDF files will be posted to the Interactive Agenda approximately 10 business days after the conclusion of a national meeting. They are posted to the Interactive Agenda for each meeting tab on the Meetings page. The Proceedings of the NAIC are made available after the minutes are adopted at each subsequent meeting and may be accessed via the NAIC Publications page.

Accounting Practices and Procedures Manual

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions

Compendium of State Laws on Insurance Topics

Financial Analysis Handbook

Financial Condition Examiners Handbook

Insurance Regulatory Information System

NAIC Model Laws, Regulations, Guidelines and Other Resources

Purposes and Procedures Manual of the NAIC Investment Analysis Office

Risk-Based Capital Forecasting

States' Prescribed Differences from NAIC Statutory Accounting Principles