Regulatory Update: National Association of Insurance Commissioners Fall 2023 National Meeting

The National Association of Insurance Commissioners (NAIC) held its Fall 2023 National Meeting (Fall Meeting) from November 30 through December 4, 2023. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Fall Meeting. Highlights include adoption of a new model bulletin addressing the use of artificial intelligence in the insurance industry, continued development of accounting principles and investment limitations related to certain types of bonds and structured securities, and continued discussion of considerations related to private equity ownership of insurers.

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Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting

The National Association of Insurance Commissioners (NAIC) held its Summer 2023 National Meeting (Summer Meeting) from August 12–16, 2023. Highlights include continued development of accounting principles and investment limitations related to certain types of bonds and structured securities, continued discussion of considerations related to private equity ownership of insurers, a proposed model bulletin addressing the use of artificial intelligence by the insurance industry, and continued development of a new consumer privacy protections model law.

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Regulatory Update: National Association of Insurance Commissioners Spring 2023 National Meeting

The National Association of Insurance Commissioners (NAIC) held its Spring 2023 National Meeting (Spring Meeting) March 21–25, 2023. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Spring Meeting. Highlights include continued development of accounting principles and investment limitations related to certain types of bonds and structured securities, continued discussion of considerations related to private equity (PE) ownership of insurers, new initiatives to address innovation and technology in the insurance sector, and continued development of a new consumer privacy protections model law.

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