"Developments from the NAIC’s Financial Condition (E) Committee"

The Financial Condition (E) Committee (the "E Committee") of the National Association of Insurance Commissioners (the "NAIC") met via teleconference on July 17, 2013.  Members of the E Committee and interested parties spent the majority of the call discussing (1) the final version of Captives and Special Purpose Vehicles: An NAIC White Paper, dated June 6, 2013 and (2) a referral memorandum from the NAIC's Financial Analysis (E) Working Group regarding investments by private equity firms and hedge funds in life insurance companies.

This Stroock Special Bulletin provides a high-level overview of the actions taken during the conference call with respect to these topics.