National Association of Insurance Commissioners (NAIC) Spring 2026 Meeting Summary
June 01, 2026
By:
Zachary T. Steadman, Shadai N. Walker, Drew Allen, Rustin Gaines, CFE
Category:
Insurance Regulatory
Insurance Regulatory
Download the meeting summary here.
The
Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) Spring National Meeting which was held in San Diego, California. This summary highlights issues that various NAIC groups addressed.
What You Need to Know:
- The NAIC launched a multi-state pilot of its AI Systems Evaluation Tool, with approximately 11–12 states now field-testing the tool across market conduct examinations, financial examinations, and general regulatory inquiries to assess insurer governance, data use, and risk management practices related to artificial intelligence systems.
- The Executive Committee adopted the Restructuring Mechanisms White Paper, providing a comprehensive analysis of insurance business transfers (IBTs) and corporate divisions—their historical development, regulatory considerations, and legal implications in the United States.
- The Financial Condition (E) Committee approved development of a model law establishing state Department of Insurance-based mitigation programs and formally added wildfire risk to the catastrophe risk component of the property and casualty risk-based capital (RBC) formula (Proposal 2025-20-CR).
- The Third-Party Data and Models Working Group advanced a risk-based regulatory framework for third-party vendors providing pricing, underwriting, claims, and fraud detection services to insurers, with the goal of establishing governance standards for model and data integrity, consumer protection, and ongoing monitoring while safeguarding intellectual property.
For more information, please contact Attorneys Zach Steadman: (501) 688-8892, zsteadman@mwlaw.com, Shadai Walker: (501) 688-8803, swalker@mwlaw.com, Drew Allen: (501) 688-8813, dallen@mwlaw.com, or Rustin Gaines: (501) 688-8829, rgaines@mwlaw.com.
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