Western Group Meeting April 19, 2016 Indiana, PA

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Presentation transcript:

Western Group Meeting April 19, 2016 Indiana, PA PAMIC Update

Program Outline Welcoming Comments “The PAC Pitch” “Risk Tolerance and Risk Appetite” “Fixed Income Investments” “Review of ERM” ”Legislative and Regulatory” Update ”Meet & Greet” with House Majority Leader, Representative Dave Reed Lunch “Roundtable Discussions”

The PAC Pitch Why? How? Issues: Regulatory Climate Premium Tax Increase IROF and Exam Costs Sales Tax Expansion CGADS Bill (more regulation)

PAMIC Updates Upcoming Events Mutual Insurance Day – May 2, 2016 Market Regulation – May 19, 2016 Executive Roundtable – June 2, 2016 Congressional Contact Program – June 13/14 PAMIC YouTube Channel: Pamic Live Flex Gold Sponsorship Program

Legislative Updates HB 1638 HB 1800 HB 1428 SB 928 SB 984 Premium Tax

Regulatory Update IROF & Financial Exams Corporate Governance Annual Disclosure Statement Annual Financial Audit Requirements – Internal Audit & Audit Committee PID Personnel Changes Amy Daubert, Chief Counsel Joe DiMemmo, Deputy Commissioner, Corporate & Financial Regulation Missy Greiner, Director, Bureau of Exams Addison Miller, Baby Insurance Commissioner