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The life risk-based capital formula and instructions are handled by the Life Risk-Based Capital Working Group.
Upon notice that a security has been placed under regulatory review, the Chair of the Life Risk-Based Capital (E) Working Group or his or her representative will be deemed a member of the Invested Asset (E) Working Group of the Valuation of Securities (E) Task Force. The Chair or his or her representative is charged with contributing the perspective and expertise of the regulatory group to the development of NAIC regulatory guidance for the security under review.
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American Council of Life Insurers (ACLI) Derivatives Risk Mitigation Proposal released for comment at the Nov. 17, 2009, conference call of the Life Risk Based Capital (E) Working Group.
Comments should be received by the close of business Tuesday, Dec. 1, 2009.
- ACLI Nov. 17 Draft RBC Instructions [WORD]
- ACLI Nov. 17 Draft RBC Worksheet [EXCEL]
- ACLI Questions and Responses from the Working Group Conference Calls [WORD] (for reference purposes only)
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American Academy of Actuaries (AAA) C-3 Phase 3 proposal released for comment at the Sept. 21, 2009, meeting of the Life Risk Based Capital (E) Working Group.
Comments should be received by the close of business Friday, Oct. 23, 2009.
AAA September 2009 Report on RBC C3 Requirements for Life Products [PDF]
Please send any comments on the exposure drafts via e-mail to Dan Swanson at dswanson@naic.org (816-783-8412). |
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Meeting Minutes
Minutes for the four most recent NAIC National Meetings are available free for meeting attendees using the User ID and Password supplied by the NAIC Meetings Department. Members may access minutes via StateNet. Non-attendees and those requiring minutes from previous meetings, may purchase the Proceedings of the NAIC through the NAIC Store.
If you do not know your User ID or password, please contact the NAIC Help Desk. |
November 12, 2009 Conference Call
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| Additional Life RBC Guidance
Optional year-end 2008 additional guidance for Life RBC page LR012 Miscellaneous Assets adopted at the 1/20/2009 conference call of the Capital Adequacy Task Force:
LR012 Derivatives Guidance [PDF] |
| Life RBC Requirements for C-3 Phase II, Market Risk |
Requirements for C-3 Phase I, Interest Rate Risk
- Scenario Generator Instructions [PDF]
- Scenario Generator Spreadsheet [Excel]
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Industry Normalized Loss Ratio
| Year End 2008 |
0.002% |
| Year End 2007 |
0.004% |
| Year End 2006 |
0.008% |
| Year End 2005 |
0.013% |
| Year End 2004 |
0.018% |
Year End 2003 |
0.020% |
Year End 2002 |
0.024% |
Year End 2001 |
0.032% |
Year End 2000 |
0.043% |
Year End 1999 |
0.060% |
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Requirements for Separate Accounts that Guarantee an Index
- Instructions for Separate Accounts that Guarantee an Index [PDF]
- June 2003 AAA Report on Separate Accounts That Guarantee an Index [Word]
- Class II Strategy Tracking Error Spreadsheet [Excel]
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Life Risk-Based Capital Newsletter
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| Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org. |
Dan Swanson
Sr. Insurance Reporting Analyst
Phone: 816-783-8412
Fax: 816-460-7638 |
| Please see the current Committee List for a complete list of committee members. |
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