On January 11, the NAIC picked its “letter committee” leadership for 2021 – Chairs and Vice-chairs of the broad committees in charge of policy-making for sub-sectors of the industry or particular areas of regulation. Among the new assignments, North Dakota’s Jon Godfread will now chair the health-focused “B” committee, Oklahoma’s Glen Mulready will vice-chair the life and annuity-focused “A” committee, and Colorado’s Michael Conway will vice-chair the “E” committee, focused on financial regulation. A list of all the NAIC letter committee leadership assignments is linked here.
Over the next two months, the NAIC will fill in the more targeted task force and working group rosters that report up to these committees. That will include the Long-Term Care Insurance Task Force (which reports to the NAIC’s Executive Committee), and its three sub-groups focused on financial solvency, multi-state rate review, and reduced benefit options.
We will continue to monitor the NAIC to bring you updates and developments.