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In a major step forward in the move toward adopting principles-based reserving, the Life Insurance and Annuities (A) Committee ((A) Committee) of the National Association of Insurance Commissioners (NAIC) voted on September 9, 2009, to approve revisions to the Standard Valuation Law (Model 820) (SVL), which had previously been approved by the NAIC Life and Health Actuarial Task Force to enable a principles-based approach to reserve valuation for insurance companies
On Thursday, March 18, 2010, the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, chaired by Representative Paul Kanjorski (D-PA), held a hearing to examine the interaction between federal and state regulators regarding oversight of holding companies containing entities conducting insurance activities
The Fall National Meeting of the National Association of Insurance Commissioners (NAIC) was held November 29 through December 2, 2012, at National Harbor, Maryland, a convention site that almost technically qualifies as inside-the-Beltway
