Mortgage Loan Industry Experience Factor
The Average Industry Experience Factor (AvIEF) to be used for the June 30, 2008, quarterly statement is 0.003 percent. The AvIEF is defined in the Asset Valuation Reserve section of the NAIC’s Quarterly and Annual Statement Instructions Life, Accident & Health for the year 2008. The IEF is an average of the mortgage data received at the NAIC for eight (8) previous quarters as follows:
Individual companies should utilize information from the same quarters in calculating their average Company’s Experience Factor (AvCEF).
Contact Dan Swanson of the NAIC by phone at (816) 783 - 8412 or by e-mail at DSwanson@naic.org with any questions concerning this factor.