84 FR 33264 - Solicitation of Statements of Interest for Membership on the Insurance Policy Advisory Committee

The Economic Growth, Regulatory Relief, and Consumer Protection Act established at the Board an Insurance Policy Advisory Committee (IPAC). This Notice advises individuals who wish to serve as IPAC members of the opportunity to be considered for the IPAC.

[Federal Register Volume 84, Number 134 (Friday, July 12, 2019)]
[Notices]
[Page 33264]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2019-14873]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1668]


Solicitation of Statements of Interest for Membership on the 
Insurance Policy Advisory Committee

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Notice.

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SUMMARY: The Economic Growth, Regulatory Relief, and Consumer 
Protection Act established at the Board an Insurance Policy Advisory 
Committee (IPAC). This Notice advises individuals who wish to serve as 
IPAC members of the opportunity to be considered for the IPAC.

DATES: Statements of Interest received on or before September 10, 2019 
will be given consideration for selection to the IPAC for appointment 
in the Fall of 2019.

ADDRESSES: Individuals who are interested in being considered for the 
IPAC may submit a Statement of Interest to [email protected]. The Statement 
of Interest collects only contact information. Candidates may also 
choose to provide additional information for consideration as part of 
their interest in serving on the IPAC. Any such supplemental materials 
may also be emailed to [email protected]. The Privacy Act Statement for IPAC 
Member Selection, which describes the purposes, authority, effects of 
nondisclosure, and uses of this information, can be found at https://www.federalreserve.gov/aboutthefed/ipac-privacy.htm.
    If electronic submission is not feasible, submissions may be mailed 
to the Board of Governors of the Federal Reserve System, Attn: 
Insurance Policy Advisory Committee, 20th Street and Constitution 
Avenue NW, Washington, DC 20551.

FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, 
(202) 475-7656; Linda Duzick, Manager, (202) 728-5881; or Matthew 
Walker, Supervisory Insurance Valuation Analyst, (202) 872-4971, 
Division of Supervision and Regulation; or [email protected].

SUPPLEMENTARY INFORMATION: The Economic Growth, Regulatory Relief, and 
Consumer Protection Act established at the Board an Insurance Policy 
Advisory Committee (IPAC) to advise the Board on international capital 
standards and other insurance matters. This notice advises individuals 
of the opportunity to be considered for appointment to the IPAC. To 
assist with the selection of IPAC members, the Board will consider the 
information submitted by the candidate along with other information 
that it independently obtains.

Council Size and Terms

    The IPAC will have no more than 21 members. The initial IPAC 
members will have staggered terms to provide the IPAC with continuity. 
Members chosen at subsequent times will be appointed to three-year 
terms unless the appointment is made to fill an unexpired term. The 
Board will provide a nominal honorarium and will reimburse IPAC members 
only for their actual travel expenses subject to Board policy.

Statement of Interest

    The Statement of Interest for the IPAC collects the following 
contact information about the candidate:
     Full name;
     Address;
     Phone number; and
     Email address.
    At their option, candidates may also provide additional information 
for consideration as part of their interest in serving on the IPAC.

Qualifications

    IPAC candidates should be insurance experts. The Board seeks a 
diverse set of expert perspectives from the various sectors of the U.S. 
insurance industry, including life insurance, property and casualty 
insurance and reinsurance, agents and brokers, academics, consumer 
advocates, and experts on issues facing underserved insurance 
communities and consumers. The Board also seeks relevant actuarial, 
legal, regulatory, and accounting expertise as well as expertise on 
lines of business underwritten by its currently supervised population 
of insurance institutions.
    IPAC members must be willing and able to participate in 
organizational conference calls and prepare for and attend meetings in 
person. IPAC membership and attendance is not delegable. The Board 
anticipates holding the inaugural IPAC meeting on November 4, 2019, in 
Washington, DC and expects to hold meetings twice a year starting in 
2020.

    By order of the Board of Governors of the Federal Reserve 
System, July 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-14873 Filed 7-11-19; 8:45 am]
 BILLING CODE 6210-01-P