Notice2023-17995
Solicitation of Statements of Interest for Membership on the Insurance Policy Advisory Committee
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 22, 2023
Issuing agencies
Federal Reserve System
Abstract
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 annual opportunity to be considered for the IPAC.
Full Text
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<title>Federal Register, Volume 88 Issue 161 (Tuesday, August 22, 2023)</title>
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[Federal Register Volume 88, Number 161 (Tuesday, August 22, 2023)]
[Notices]
[Page 57112]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-17995]
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FEDERAL RESERVE SYSTEM
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 annual opportunity to be considered for the IPAC.
DATES: Individuals who submit a Statement of Interest that is received
by the Board from the first Monday in August through the first Monday
in October of each year will be considered for appointments to the IPAC
announced in the fourth calendar quarter of the same year. Statements
of Interest received outside the period from the first Monday in August
through the first Monday in October generally will not be considered.
ADDRESSES: Individuals seeking an appointment to the IPAC may send a
Statement of Interest by email to <a href="/cdn-cgi/l/email-protection#a5ecf5e4e6e5c3d7c78bc2cad3"><span class="__cf_email__" data-cfemail="ffb6afbebcbf998d9dd1989089">[email protected]</span></a>. The Statement of
Interest contains only contact information. Candidates also may choose
to provide additional information. Candidates may send this information
by email to <a href="/cdn-cgi/l/email-protection#642d342527240216064a030b12"><span class="__cf_email__" data-cfemail="2b627b6a686b4d5949054c445d">[email protected]</span></a>. 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 <a href="https://www.federalreserve.gov/aboutthefed/ipac-privacy.htm">https://www.federalreserve.gov/aboutthefed/ipac-privacy.htm</a>.
Individuals also may mail Statements of Interest and any additional
information to the Board of Governors of the Federal Reserve System,
Attn: Insurance Policy Advisory Committee, 20th Street and Constitution
Ave. NW, Washington, DC 20551.
FOR FURTHER INFORMATION CONTACT: Lara Lylozian, Deputy Associate
Director and Chief Accountant, (202) 475-6656; Matt Walker, Manager,
Insurance Supervision & Regulation, (202) 872-4971; or Matti Peltonen,
Lead Insurance Policy Analyst, (202) 430-7915; Division of Supervision
and Regulation; or <a href="/cdn-cgi/l/email-protection#5b120b1a181b3d2939753c342d"><span class="__cf_email__" data-cfemail="c18891808281a7b3a3efa6aeb7">[email protected]</span></a>. For users of TDD-TYY, please call 711
from any telephone, anywhere in the United States.
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 appointment of IPAC members, the Board considers
information submitted by the candidate, public information, and any
other relevant information the Board determines to consider.
Council Size and Terms
The IPAC has at most 21 members. IPAC members serve staggered
three-year terms. Members are appointed to three-year terms unless the
Board appoints a member to fill a vacant unexpired term. A member that
is appointed to serve a three-year term begins his or her service on
the first January 1 occurring after his or her appointment. A member
appointed to fill a vacant unexpired term serves for the remainder of
the term. The Board provides a nominal honorarium and reimburses
members only for their actual travel expenses, subject to Board policy.
Statement of Interest
A Statement of Interest must contain the following information:
<bullet> Full name;
<bullet> Address;
<bullet> Phone number; and
<bullet> Email address.
At their option, candidates may provide additional information for
consideration.
Qualifications
IPAC candidates should be insurance experts. The Board provides
equal appointment opportunity to all persons without regard to race,
color, religion, sex (including sexual orientation, gender identity,
and pregnancy), national origin, age, disability, genetic information,
or military service. In addition, the Board is committed to a diverse
committee and 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.
Members must be willing and able to participate in conference calls
and prepare for and attend meetings in person. Membership and
attendance is not delegable.
By order of the Board of Governors of the Federal Reserve System,
acting through the Director of the Division of Supervision and
Regulation under delegated authority.
Erin Cayce,
Assistant Secretary of the Board.
[FR Doc. 2023-17995 Filed 8-21-23; 8:45 am]
BILLING CODE 6210-01-P
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</html>Indexed from Federal Register on August 22, 2023.
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