Board of Governors of the Federal Reserve System

On September 28, 2022, the Board issued Framework for the Supervision of Insurance Organizations, which describes its approach to consolidated supervision of supervised insurance organizations. The supervisory framework applies supervisory guidance and resources based on a supervised insurance organization’s risk. It also establishes a supervisory rating system for firms based on their risk profiles and describes how examiners incorporate the work of state insurance regulators (Guidance, Examinations and Inspections at 3-1532.9).