The Federal Reserve is looking for seven individuals with expertise in a variety of insurance-related matters to serve on its Insurance Policy Advisory Committee (IPAC).
Prime candidates will have experience with property insurance, life insurance, casualty insurance and reinsurance issues, according to a Fed press release.
The IPAC is made up of 21 members, serving staggered three-year terms. These members have diverse professional backgrounds, including insurance accounting, actuarial science and insurance regulation. The Fed is permitted by statute to select additional individuals to fill any term that is unexpired and vacated by an existing member.
Interested individuals are encouraged to submit a statement to the Fed no later than Oct. 6. The Fed plans to announce the newly appointed members later this year.
Additional information about the selection process, including instructions on how to apply for IPAC membership, can be found in the Federal Register notice.