This memo discusses The National Association of Insurance Commissioners’ 2010 Spring National Meeting held from March 24 to 28, 2010, in Denver, Colorado. This Client Update highlights some of the developments from the Winter Meeting that are of particular interest to many of our insurance industry clients, including developments relating to: (1) regulatory modernization; (2) the solvency modernization initiative; (3) the disclosure of corporate governance and compensation information; (4) the valuation of structured securities; (5) the treatment of deferred tax assets; (6) changes to the climate change risk survey; (7) alternative mechanisms for restructuring troubled insurers; (8) the suitability of annuity sales and (9) stranger-owned and stranger-originated annuities.