SEMINAR NAIC/ASSAL/SVS REGULATION & SUPERVISION OF MARKET CONDUCT © 2014 National Association of Insurance Commissioners NAIC Market Regulation Activities

2014 Market Regulation and Consumer Affairs (D) Committee Chair: Stephen W. Robertson (IN) Vice-Chair: Therese M. Goldsmith (MD) Market Conduct Examination Standards (D) Working Group Chair: Bruce R. Ramge (NE) Vice Chair: Jim Mealer (MO) Market Information Systems (D) Task Force Chair: Mike Kreidler (WA) Vice Chair: Michael D. Riley (WV) Investigation of Life/Annuity Settlement Practices (D) Task Force Chair: Kevin M. McCarty (FL) Vice Chair: Dave Jones (CA) Market Analysis Procedures (D) Working Group Chair: Chuck Vanasdalan (NH) Vice Chair: John Haworth (WA) Market Actions (D) Working Group Chair: Stephen W. Robertson (IN) Vice-Chair: Therese M. Goldsmith (MD) Auto Insurance Study (C/D) Working Group Chair: Joseph G. Murphy (MA) Vice Chair: Tom C. Hirsig (WY) Antifraud (D) Task Force Chair: Sandy Praeger (KS) Vice Chair: Wayne Goodwin (NC) 2

MARKET REGULATION AND CONSUMER AFFAIRS COMMITTEE  Monitors all aspects of the market regulatory process for continuous improvement.  Market Analysis  Regulatory Interventions  Interstate Collaboration  Reviews and make recommendations on underwriting and market practices of companies and producers. 3

MARKET INFORMATION SYSTEMS TASK FORCE  Provides business expertise regarding the desired functionality of the NAIC Market Information Systems and the prioritization of regulatory requests for the development and enhancements to the NAIC Market Information Systems.  Examination Tracking System  Complaint Tracking System  Regulatory Information Retrieval System 4

ANTIFRAUD TASK FORCE  Serves the public interest by assisting the state insurance supervisory official through the detection, monitoring and appropriate referral for investigation of insurance crime, both by and against consumers.  Assists the insurance regulatory community through the maintenance and improvement of electronic databases regarding fraudulent insurance activities.  Provides a liaison function between insurance regulators; federal, state, local and international law enforcement; and other specific antifraud organizations. 5

KEY WORKING GROUPS  Market Actions Working Group  Market Analysis Procedures Working Group  Market Conduct Examination Standards Working Group 6

QUESTIONS/COMMENTS 7