b'Insurance Regulatory | US/NAICNAIC Tackles Race and DiversityIn 2020, the NAIC launched discussions specifically focused on issues of diversity and poten-tial discrimination in the insurance industry. Against the backdrop of the murder of George Floyd in Minneapolis and the subsequent protests erupting throughout the US, in the Summer of 2020, the NAIC Executive (EX) Committee announced the formation of a special committee focused on Race & Insurance (R&I Committee). The R&I Committee is co-chaired by Ray Farmer, Director of the South Carolina Department of Insurance, and David Altmaier, the NAIC President and Commissioner of the Florida Office of Insurance Regulation.The R&I Committee is charged with making recommendations to the NAIC Executive (EX) Committee and NAIC membership regarding steps that insurance regulators and the insur-ance industry can take to increase diversity and inclusion within the industry. The R&I Committee will review and address industry practices that potentially disadvantage minorities and actions to ensure ongoing engagement of the NAIC on these issues through charges to existing working groups, task forces and committees. To begin the NAICs efforts, the NAIC held special sessions on race and insurance during its 2020 Summer and Fall National Meetings. Information obtained from discussions and topics addressed during these sessions will support the R&I Committee with its near and long-term objectives. The R&I Committee has divided its work into five workstreams. They are to: 1. Research and analyze the level of diversity and inclusion within the insurance industry;2. Research and analyze the level of diversity and inclusion within the NAIC and the state insurance regulator community;3. Examine and determine which practices or barriers exist in the insurance sector that potentially disadvantage people of color and/or historically underrepresented groups in the property and casualty line of business;4. Examine and determine which practices or barriers exist in the insurance sector that potentially disadvantage people of color and/or historically underrepresented groups in the Life Insurance and Annuities lines of business; and 5. Examine and determine which practices or barriers exist in the insurance sector that potentially disadvantage people of color and/or historically underrepresented groups in the Health Insurance line of business. MAYER BROWN 79'