4/30/2020 · Exhibit V was created to give regulators a means of testing prospective risk during a financial exam. The testing template is similar to Exhibit K – RISK ASSESSMENT MATRIX, with simplifications to the Exhibit V testing template in recognition of the complexity.
a Key Activity Matrix. Exhibit V states that “Based on the knowledge and understanding of the company obtained during the planning stages of the exam, document any overarching prospective risks identified.” Therefore, prospective risks can be identified by any of the, 10/8/2019 · Exhibit V (last updated 2/26/2020) (Note: The Sound Practice is based on the old Exhibit V. A new version was adopted in 2019 and is first contained in the 2020 Handbook. NAIC staff will update this Sound Practice as time permits, but he overall messages in the document may still prove useful to staff), V Overarching Prospective Risks; Exhibit V The exam is required to consider the company’s prospective solvency position. Prospective risks that relate to just one key activity should be included on the respective key activity matrix. Risks related to multiple or no key activities should be addressed on Exhibit V – Prospective Risk Assessment.
The NAIC’s Financial Condition Examiners Handbook includes a requirement for Critical Risk Category each (CRC) listed on Exhibit DD to be addressed by at least one risk statement on a key activity matrix (or on Exhibit V ). The CRCs are intended to address some of the most common and significant solvency risks (current and, Financial Guaranty Insurance Exhibit (Property) Medicare Part D Coverage Supplement (Property, Life, Health) Medicare Supplement Insurance Experience Exhibit (Property, Life, Health), 1/30/2015 · Exhibit V – Prospective Risk Assessment and Exhibit AA – Summary Review Memorandum of the Financial Condition Examiners Handbook to further incorporate the branded risk classifications into those documents for 12/31/14 examinations. Frequently Asked Questions and Responses, 1/31/2020 · The Securities Valuation Office (SVO) of the National Association of Insurance Commissioners (NAIC) maintains a database of insurer-owned securities to which the SVO has assigned an NAIC designation and a price (together … fully disclose all information required by Exhibit A of this agreement. The AVS annual fee will be determined by, The National Association of Insurance Commissioners (NAIC) is the state-based standard-setting organization governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.
18 Financial Guaranty Insurance Exhibit 1 EO xxx 3/1 NAIC 19 Health Care Exhibit (Parts 1, 2 and 3) Supplement 1 EO xxx 4/1 NAIC 20 Health Care Exhibit ’s Allocation Report Supplement 1 EO xxx 4/1 NAIC 21 Investment Risk Interrogatories 1 EO xxx 4/1 NAIC 22 Insurance Expense Exhibit 1 EO xxx 4/1 NAIC 23 Long-Term Care Experience Reporting …
