Kansas City, MO (Oct. 12, 2021)
ÐÓ°ÉÊÓƵ Releases 2021 Staffing Fiscal for Public Comment
The ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) announced today it has released for public comment one fiscal impact statement related to its 2021 budget for a one-week exposure period. This fiscal was approved for exposure by the ÐÓ°ÉÊÓƵ Internal Administration (EX1) Subcommittee and the ÐÓ°ÉÊÓƵ Executive (EX) Committee during a joint meeting held today, Oct. 12, 2021.
The fiscal requests four new headcount. Three of the positions convert long-term contingent positions to full-time staff, thereby saving professional services expenses and bringing much-needed knowledge and skills in-house on a permanent basis. The fourth request is a new actuarial position needed to handle critical responsibilities related to principle-based reserving (PBR) work.
A complete copy of the fiscal can be found by clicking here. Written comments or questions should be addressed to the ÐÓ°ÉÊÓƵ and forwarded to the attention of Jim Woody, jwoody@naic.org, no later than Oct. 20, 2021.
About the ÐÓ°ÉÊÓƵ
As part of our state-based system of insurance regulation in the United States, the ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ÐÓ°ÉÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ÐÓ°ÉÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.