FACA Committee Purpose & Justification The information in this plan was imported from the Federal Advisory Committee Act (FACA) database and transformed into StratML Part 1, Strategic Plan, format. Fiscal Year:2011 Committee Type: Non Scientific Program Advisory Board Federal Advisory Committee on Insurance TRES 0a1e033b-5563-44c7-aaa8-abced7fe8f88 [ Location : (http://stratml.fido.gov/dick/TRESFACA76867.xml) ][ Federated Name : (urn:www.ustreas.gov:agency:66:committee:76867:) ][ Agency Name : (Department of the Treasury) ][ Agency Acronym : (TRES) ][ Agency Domain : (www.ustreas.gov) ] [ Agency Web Site : (http://www.ustreas.gov/ ) ][ Committee Name : (Federal Advisory Committee on Insurance) ][ Committee Type : (Non Scientific Program Advisory Board) ][ Committee Web Site : () ][ Goal? : (yes) ][ Vision? : (yes) ][ Mission? : (yes) ] Department of the Treasury http://www.ustreas.gov/ Shall consists of not more than 15 members: Members should have expertise in insurance markets, market participants, products, distribution systems, in the general operations of the insurance and reinsurance companies, how insurers are licensed, examined, regulated, and supervised, and be knowledgeable in general of the U.S. State and international regulatory environment associated with them. Knowledge of insurance and reinsurance company operations, accounting, financial reporting, solvency, resolution, and applicable model and State laws and regulations is expected. Members should be familiar with economic, financial, legal, and policy implications of developments related to the business of insurance and reinsurance companies, their affiliates, and their holding companies and groups, and the licensing of insurance professionals. Members should also have extensive knowledge of issues affecting insurance policyholders, claimants, beneficiaries, and other insurance product customers, as well as the provision of affordable insurance to underserved, minority, and low/moderate income consumers.FACI’s membership include geographic diversity, and diversity in the area of industry expertise (property & casualty, life and annuities, reinsurance, and insurance intermediaries), and of consumer and community expertise. The composition of the FACI will reflect a diverse set of perspectives from across regulatory jurisdictions and industry sectors. The Committee will present advice and recommendations to the Federal Insurance Office (FIO) regarding the FIO's duties and authorities. This advice and recommendations may cover specific or general insurance topics, processes, studies and/or reports. 78d4c946-cfc5-4b4f-b238-3d1061ea24f8 The purpose of the FACI is to present advice and recommendations to the Federal Insurance Office (FIO) to assist the FIO in carrying out its duties and authorities set out in Subpart A of the Federal Insurance Office Act of 2010 (31U.S.C.313, et, seq.), Title V of the Dodd-Frank Wall Street Reform and Protection Act,P.L. 11-203, 12 U.S.C. 5301 et seq. (July 21, 2010) e03f8581-f210-404a-9dfb-f65a80c555e3 The Committee will allow the FIO to benefit from the knowledge and regulatory experience of the State functional regulators, as well as the experience and perspective of industry and academic experts. e3102b97-0297-4551-bb9c-b9919bee5c3b 43e72a74-837d-4f4e-adc4-ee1d15ceea64 42e274b8-285d-4f13-b684-423a77380273 2010-10-01 2011-09-30 2013-07-09 http://explore.data.gov/resource/datasets/c5i3-bb9j Gannon (J.) Dick gannon_dick@yahoo.com