C-1 Factor Review (E) Subgroup
Capital Adequacy (E) Task Force
Valuation of Securities (E) Task Force
Financial Condition (E) Committee

A full list of NAIC conference calls & interim meetings is available on the NAIC Conference Call Calendar.

There are no advance materials at this time.

C1 Bond Factor Development

• American Academy of Actuaries Report
• Presentation Slides

Current Proposals

• American Academy of Actuaries
• Securities Valuation Office (SVO)
  • Summary of Meeting Between SVO and Commentators (Attachment 1)
  • ACLI Response (Attachment 2)
  • SVO Study of Recovery Methodology and Ratings (Attachment 3)
  • Revised Recalibration Proposal (Attachment 4)

RBC Background

• Bulletin – NAIC Adopts RBC Regulatory Package 12/28/1992
• C-1 Bond Factor Development
• C-1 Bond Risk Analysis
• American Academy of Actuaries – Property/Casualty Risk-Based Capital and the Current Financial Crisis
• Report on the Treatment of Common Stock in the Life Risk-Based Capital Formula

NRSRO Default Studies

• Fitch Ratings
  • Global Corporate Finance 2010 Transition and Default Study
  • Global Structured Finance 2012 Transition and Default Study
  • Sovereign 2010 Transition and Default Study
  • U.S. Public Finance 2010 Transition and Default Study
  • International Public Finance 2010 Transition and Default Study
• Standard & Poor's
  • 2010 Annual Global Corporate Default Study And Rating Transitions
  • Global Structured Finance Default Study—1978-2010
  • Sovereign Defaults And Rating
    Transition Data, 2010 Update
  • U.S. Public Finance Defaults And Rating Transition Data: 2010
    Update
  • International Local And Regional Governments Default And Transition Study, 2010 Update
• Moody's
  • U.S. Municipal Bond Defaults and Recoveries, 1970-2009
  • Corporate Default and Recovery Rates, 1920-2010
  • Default & Loss Rates of Structured Finance Securities: 1993-2010
  • Sovereign Default and Recovery Rates, 1983-2010

Minutes for the four most recent NAIC National Meetings are available free for meeting attendees and members. Members may access minutes via StateNet. If you do not know your User ID or password, please contact the NAIC Help Desk.