(3) Insurance industry The state of, and developments in, the insurance industry. (4) U.S. and global insurance and reinsurance markets The breadth and scope of the global insurance and reinsurance markets and the critical role such markets plays in supporting insurance in the United States and the ongoing impacts of part II of the Nonadmitted and Reinsurance Reform Act of 2010 on the ability of State regulators to access reinsurance information for regulated companies in their jurisdictions. (5) Other Any other matters as deemed relevant by the Independent Insurance Advocate or requested by such Committees. (t) Report upon end of term of office Not later than two months prior to the expiration of the term of office, or discontinuation of service, of each individual serving as the Independent Insurance Advocate, the Independent Insurance Advocate shall submit a report to the Committees on Financial Services and Ways and Means of the House of Representatives and the Committees on Banking, Housing, and Urban Affairs and Finance of the Senate setting forth recommendations regarding the Financial Stability Oversight Council and the role, duties, and functions of the Independent Insurance Advocate. (u) Definitions In this section and section 314, the following definitions shall apply: (1) Affiliate The term affiliate means, with respect to an insurer, any person who controls, is controlled by, or is under common control with the insurer. (2) Covered agreement The term covered agreement means a written bilateral or multilateral agreement regarding prudential measures with respect to the business of insurance or reinsurance that— (A) is entered into between the United States and one or more foreign governments, authorities, or regulatory entities