Fed seeks candidates for Insurance Policy Advisory Committee

People who are insurance experts and want to serve on the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC) have from Aug. 2 to Oct. 4 to submit their “statements of interest” in being considered, according to a solicitation notice released Friday by the Fed.

The IPAC was established in 2018 under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) to provide information, advice, and recommendations to the Fed Board on international insurance capital standards and other insurance issues.

The Fed Board said it is looking to appoint individuals who have a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues. It said new members will be announced after the IPAC meeting planned this fall.

The panel has 21 members appointed to serve staggered, three-year terms. The Fed Board selects seven new members each year and may also select additional ones to fill any unexpired or vacated terms. Each year, statements of interest are accepted from the first Monday of August to the first Monday of October and “generally will not be considered” if received outside that period, the Fed said.

A statement of interest must include the person’s full name; address; phone number; and email address. Additional information may be provided at the individual’s option.

Federal Reserve Board announces that it is seeking individuals to serve on its Insurance Policy Advisory Committee

Notice for Federal Register