December 14, 2023
By:
Zachary T. Steadman
Category:
Insurance Regulatory
Insurance Regulatory
Download the meeting summary here.
The Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) Fall 2023 National Meeting which was held in Orlando, Florida. We have prepared a summary of the open sessions conducted over the course of the meeting highlighting issues that various NAIC groups addressed.
What You Need to Know:
- Elections were held for the 2024 Executive Officers. Congratulations to Commissioner Andrew N. Mais, President (CT); Commissioner Jon Godfread, President-Elect (ND); Commissioner Scott A. White, Vice President (VA); and Superintendent Elizabeth Kelleher Dwyer, Secretary-Treasurer (RI).
- The Executive Committee adopted the Model Bulletin on the Use of Algorithms, Predictive Models, and Artificial Intelligence (AI) Systems by Insurers.
- The Pet Insurance Market Conduct Annual Statement (MCAS) data call and definitions were adopted.
- 2024 proposed charges were presented and adopted by relevant Committees, Task Forces and Working Groups.
- The the NAIC National Climate Resilience Strategy for Insurance was adopted by the Climate & Resilience (EX) Task Force.
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