Mission Statement
The Federal Advisory Committee on Insurance (FACI) provides advice and recommendations to assist FIO in carrying out its statutory authority.
The FIO was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The FIO's authority extends to all lines of insurance except health insurance, long-term care insurance (except that which is included with life or annuity insurance components), and crop insurance.
The FACI shall provide its advice and recommendations directly to the FIO. The FACI will conduct its work in coordination with the FIO.
Resources for FACI
Comments received which either do not refer to FACI and/or contained references to people who are not members of FACI or FIO are not included here. Comments may be obtained by submitting a request to FACI@Treasury.gov.
Subcommittees
- Availability of Insurance Products
- FIO's International Work
- Addressing the Protection Gap Through Public-Private Partnerships and Other Mechanisms
- COVID-19
- Workstream One: Protection
- Workstream Two: Preparedness
Source Documents
2019 Charter
2017 Charter
2015 Charter
2013 Charter
2011 Charter
By-Laws
Dodd Frank
Meetings
The FACI will hold four meetings in 2020, on February 21, June 4, September 29, and December 3. More information on each meeting will be posted approximately 2 weeks prior to the meeting.
June 2020
February 2020
- Agenda of February 2020 Meeting
- Audio of February 2020 Meeting
- Minutes of February 2020 FACI Meeting
December 2019
- Agenda of December 2019
- Video
- Materials
- International Subcommittee:
- Availability Subcommittee:
- Protection Gap Subcommittee:
- Minutes of December 2019 Meeting
September 2019
- Agendaof September 2019
- VideoSeptember 2019
- Materials:
- Minutes of September 2019
June 2019
April 2019
September 2018
May 2018
February 2018
December 2017
August 2017
May 2017
January 2017
- Agendaof January 2017
- VideoJanuary 2017
- Materials
- Amica Mutual Insurance Company Presentation on the Emerging Cost Drivers in Auto Insurance
- McKinsey & Company Presentation on Blockchain Technology in the Insurance Sector
- National Insurance Crime Bureau Presentation on Insurance Fraud
- Center for Economic Justice Presentation on the Opportunities and Challenges to Insurance Regulation and Consumer Protection from Insurers' Use of Big Data
- Treasury Presentation on the IAIS' Proposed Insurance Capital Standard
- MinutesJanuary 2017
August 2016
- Agendaof August 2016
- VideoAugust 2016
- Materials
- Treasury Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- Selective Insurance Group Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- C. Devine & Associates Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- KPMG Presentation on Developments of Insurance Issues Related to Autonomous Vehicles
- MinutesAugust 2016
May 2016
November 2015
August 2015
May 2015
February 2015
November 2014
- Agendaof November 2014
- VideoNovember 2014
- Materials
- NIST Presentation on Cybersecurity Framework
- NIST Framework Core Sheet
- Zurich Presentation on Security & Privacy Insurance Market
- CFA Presentation of Affordability of Auto Insurance
- CFA High Price of Mandatory Auto Insurance
- CFA High Price of Auto Insurance Factsheet
- FIO Presentation on International Workstreams
- MinutesNovember 2014