Related NAIC Publications


C-3 Phase II/AG 43 (E/A) Subgroup


2018 Charges

The C-3 Phase II/AG 43 (E/A) Subgroup, a joint subgroup of the Life Risk-Based Capital (E) Working Group and the Life Actuarial (A) Task Force, will:

  1. Evaluate the overall effectiveness of the C-3 Phase II and Actuarial Guideline XLIII-CARVM for Variable Annuities (AG 43) methodologies used to evaluate the market risk component of risk-based capital (RBC) by conducting an in-depth analysis of the models, modeling assumptions, processes, supporting documentation and results of a sample of companies writing variable annuities with guarantees, and to make recommendations to the Capital Adequacy (E) Task Force or the Life Actuarial (A) Task Force on any changes to the methodologies to improve their overall effectiveness. Complete by the 2018 Fall National Meeting.

  2. Develop and recommend changes to C-3 Phase II and AG 43 that implement, for 2018 adoption, the Variable Annuities Framework for Change. Complete by the 2018 Fall National Meeting.