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Life Risk-Based Capital Working Group
Financial Condition (E) Committee
Capital Adequacy Task Force

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.

 

Image - Exposure Drafts

Short-term proposal for derivatives collateral for year-end 2009 Life risk-based capital. Released for comment at the June 12, 2009, meeting of the Life Risk Based Capital (E) Working Group. Comments should be received by the close of business Friday, June 26, 2009.

  • ACLI Derivatives Collateral Proposal [PDF]

American Academy of Actuaries (AAA) final C-3 Phase III proposal released for comment at the March 14, 2009, meeting of the Life Risk Based Capital (E) Working Group. Comments should be received by the close of business Wednesday, May 13, 2009.

  • AAA March 2009 Report on RBC C3 Requirements for Life Products [PDF]
  • AAA March 2009 Comparison Report [PDF]
  • AAA November 2008 Working Reserve Report [PDF]

Short-term proposal for the mortgage experience adjustment calculation for year-end 2009 Life risk-based capital. Released for comment at the March 31, 2009, conference call of the Life Risk Based Capital (E) Working Group. Comments should be received by the close of business Friday, May 1, 2009.

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.
6/26/09 Life RBC Conference Call Materials

Summer 2009 National Meeting
June 12, 2009
5/27/09 Life RBC Conference Call Materials
3/14/09 Life RBC Meeting Materials
10/31/08 Life RBC Conference Call Materials
9/21/08 Life RBC Working Group Meeting Materials
8/14/08 Life RBC Conference Call Materials
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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]
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%

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]

Life Risk-Based Capital Newsletter

Related NAIC Publications

Model Laws, Regulations and Guidelines

Risk-Based Capital Forecasting
Image - Contacts
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.