Washington (STL.News) – The Federal Reserve Board on Wednesday announced that it is seeking individuals to serve on its Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues (IPAC). The IPAC was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
The Board seeks to form a diverse group with expertise in life, property and casualty, and reinsurance issues. The Board also seeks a mix of professional backgrounds, including in insurance accounting, actuarial science, academia, insurance regulation, and policyholder advocacy. The Board will select up to 21 individuals, who will serve staggered terms of up to three years.
The Board plans to announce the appointment of members ahead of the first semiannual meeting of the IPAC, which is tentatively set for November 4, 2019. Additional information about the selection process, including instructions on how to apply for membership on the IPAC, can be found in the attached Federal Register notice.