Fed Board Announces It’s Looking For People To Serve On Its Insurance Policy Advisory Committee – InsuranceNewsNet

WASHINGTON, August 2nd — The Federal Reserve issued the following press release:

The Federal Reserve Board announced on Monday that it was seeking individuals with a diverse set of expert perspectives in life insurance, P&C and reinsurance matters to serve on its Insurance Policy Advisory Committee (IPAC).

IPAC was created by the Economic Growth, Regulatory Relief and Consumer Protection Act. It is made up of 21 members who serve staggered three-year terms and have diverse professional backgrounds, including insurance accounting, actuarial science, academia, insurance regulation and policyholder advocacy.

Each year, the board selects seven people for a three-year term each. The Board may select additional individuals to fill any unexpired term left vacant by an existing member.

The Board expects to announce the appointment of members later this year. Additional information on the selection process, including instructions on how to apply for IPAC membership, can be found in the Federal Register to remark.

See attachment here: https://www.federalreserve.gov/newsevents/pressreleases/files/other20210730a1.pdf

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Original text here: https://www.federalreserve.gov/newsevents/pressreleases/other20220801a.htm