Kansas City, MO (Oct. 12, 2021)
Â鶹´«Ã½ Releases 2021 Staffing Fiscal for Public Comment
The Â鶹´«Ã½ (Â鶹´«Ã½) 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 Â鶹´«Ã½ Internal Administration (EX1) Subcommittee and the Â鶹´«Ã½ 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 Â鶹´«Ã½ and forwarded to the attention of Jim Woody, jwoody@naic.org, no later than Oct. 20, 2021.
About the Â鶹´«Ã½
As part of our state-based system of insurance regulation in the United States, the Â鶹´«Ã½ (Â鶹´«Ã½) 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 Â鶹´«Ã½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Â鶹´«Ã½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.