1. Part II: Regulatory Overview

2. Today's Topics Department Updates Who’s Who at the PID
Corporate Filing
Financial Analysis
Accreditation
Health Insurance
Flood Insurance
Recruitment & Retention
Consumer Education
Guidance in review
Notices
Regulations
Statements of Policy
PAMIC Helping to keep you Informed

3. Mike Consedine named NAIC CEO effective February 6, 2017
Department Update
Who’s Who at the PID
Corporate filing costs
Financial Analysis Costs
Accreditation
Health Insurance
Flood Insurance
PID Recruitment & Retention
Consumer Education
PID advised the Gov Wolf FY 2016/17 Guidance does not impact PID hiring
PID has 190 complement (179 filled)
In 2007 complement exceeded 300
Mike Consedine named NAIC CEO effective February 6, 2017

4. Who’s Who at the PID Name Position Phone email Teresa D. Miller
Commissioner
(717)
Karin Rodriguez
Exec. Asst.
Jessica Altman
Chief of Staff
Seth Mendelsohn
Executive Deputy Commissioner
(717)
Amy Daubert
Chief Counsel
(717)
Joe DiMemmo
Deputy Commissioner
(717)
Christopher Monahan
(717)
Laura Slaymaker
(717)
Kristen Erway
Director, Legislative Affairs
(717)
James Johnson
Chief Administrative Judge
(717)
See handout for more contact info

5. Financial Analysis Corporate Filing
1. Valuation of assets reported in financial statements (including real estate, collateral loans, mortgages and other invested assets).
2. Actuarial analysis of property/casualty reserves.
3. Actuarial analysis of accident and health reserves.
4. Actuarial analysis of life reserves.
5. Real estate appraisals.
6. Analysis of sufficiency of asset/liability matching.
7. Cash flow and/or liquidity analysis.
8. Evaluation of financial forecasts and projections.
9. Evaluation of investment strategies/philosophies.
10. Analysis of reinsurance arrangements.
11. Analysis of complex surplus and/or liquidity improvement transactions.
12. Analysis of complex acquisition and/or merger transactions.
13. Evaluation of the terms and conditions of complex transactions where those transactions are subject to the prior approval of the Insurance Commissioner.
14. Valuation of subsidiaries and affiliated investments.
“... the services performed by the pre-qualified consultants will ultimately be paid for by the insurance entity undergoing monitoring and/or seeking approval of the Department. “
PID is currently not assessing companies!
Corporate Filing
1.) 40 P.S. § (“Form A Filings”), such as a merger with or acquisition of a domestic insurance company; and/or
2.) 40 P.S. § 912-A et seq. regarding the mutual-to-stock conversion of a domestic insurance company, and 40 Pa. C.S. §3501 et seq. regarding medical professional liability reciprocal exchange-to-stock conversion of a domestic reciprocal exchange (“Conversion Applications”),
collectively referred to herein as “the Acts.”
“... the services performed by the pre-qualified consultants will ultimately be paid for by the entity seeking approval from the Department of the Form A Filings and Conversion Applications .”

6. Accreditation
February 2019 Exam
Annual Reporting to NAIC
Health Insurance
ACA repeal/replace
Flood Insurance
PID promoting Private flood insurance market
PID Recruitment & Retention
Replenishing the regulatory ranks
Consumer Education
Commissioner teaching insurance at High Schools
Office of Public Liaison

7. Guidance in review: Notices CY 2015/2016
(in handouts)

8. Guidance in review: Regulations CY 2015/16
(in handouts)

9. Guidance in review: Statements of Policy (thru 2016)
(in handouts)

10. Guidance in review: Notices, Regs, Statement of Policy - CY 2017
(in handouts)

11. PAMIC helping to keep you Informed
PAMIC 360 (weekly)
PAMIC Pulse (quarterly)
Online Resources
Access to Laws and Regulations
Legislative & Committee Directory
Digest of Decisions
Bill Tracking
Pennsylvania Digest
Action Center (under development)
Department Meetings
House & Senate Committee Meetings