With significant public sector (department of insurance and NAIC) and private sector experience, Rector & Associates, Inc. (R&A) provides the following services to insurance regulators:

Admission Applications Review

R&A reviews admission applications on behalf of insurance departments. Insurance companies applying for admission can be given the choice of pursuing standard admission procedures or having an expedited review by R&A. The firm can review the admissions materials and make a recommendation to the regulator within the agreed-upon number of days. Fees for this review are paid by the applicant, but R&A works solely for the regulator and makes recommendations in accordance with the regulator’s established guidelines.

Review of Form A and Form D Transactions

The firm reviews Form A filings (change of control transactions) and Form D filings (affiliated party transactions) on behalf of regulators. Although the fee is paid by the company submitting the filing, R&A works solely for the regulator.

Actuarial Services

R&A provides a wide range of actuarial services for regulators:

• Evaluate reserves in connection with financial condition examinations
• Review rate filings
• Perform special actuarial projects.

Examination Oversight Services

R&A performs regular and targeted financial on behalf of insurance departments examinations in accordance with the NAIC Examiners Handbook and with accreditation standards. R & A also oversees insurance department examinations to ensure they are properly and efficiently completed. In most instances, the cost of engaging R&A to perform this work is more than made up by efficiencies gained during the planning process.

Supervision/Rehabilitation/Troubled Company Services

R&A offers a wide range of services in connection with troubled companies:

• Provide regulatory, accounting or actuarial services to a supervisor.
• Provide forensic accounting and targeted financial examination services.
• Serve as statutory supervisor .
• Provide litigation support and expert witness services on topics such as actions taken by insurance companies.

Targeted Examination Services

Given its combination of consultants with law, accounting and actuarial science expertise, as well as its mix of public and private sector experience, R&A provides a unique range of targeted examination services. The firm is particularly skilled at the following examination aspects:

• Identify relevant issues and problems
• Assess audit committee of insurance company's board
• Report findings to the regulator
• Make practical recommendations for future regulatory action.

Training Services

R&A provides training for insurance department financial examiners and analysts.

• Risk assessment approach.
• Financial examination and analysis case studies

Investment Specialist Services

R&A’s seasoned team of investment experts can assist regulators in reviewing insurance company investment portfolios of any size and complexity. These services can be part of an insurance department’s examination of an insurance company, its supervision or rehabilitation of a troubled company, or its evaluation of a significant corporate or business transaction, e.g., a merger or a redomestication.

Litigation Support Services

R&A provides litigation support and expert witness services to insurance departments on topics such as the reasonableness of actions taken by a department of insurance and various accounting and actuarial science issues.