LTC Task Force Updates From NAIC Spring Meeting

During the National Association of Insurance Commissioners (NAIC) Spring Conference last week, the NAIC LTC Task Force met to discuss various topics and we wanted to share a summary of the discussion:

The bulk of the meeting was the Task Force receiving an update from each of its subgroups:

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NAIC Committee Leadership Updates

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.

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What Insurers Need to Know About the Elections

2020 is an unusual election year, with many high-level outcomes still undetermined weeks after the polls closed. Despite this uncertainty, insurance industry stakeholders need to look ahead to the future. Thought leaders from Faegre Drinker’s insurance team participated in a post-election roundtable — and have helpful insights to share as we head into 2021.

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Election Night for Insurance Geeks: 2020 Edition

We are less than a week from a presidential election, with control of Congress in play. Meanwhile, shifts in state legislatures have the potential to change the direction of policymaking and impact the redistricting process. And, 11 gubernatorial elections are on 2020 ballots. Plenty to watch.

That said, for insurance regulatory stakeholders, the top of the ticket in some respects is those insurance commissioners independently elected statewide. Here’s a rundown on that field.
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