RBC – Risk Based Capital

RBC – Risk-Based Capital

• NAIC
  • Risk-Based Capital (RBC) For Insurers Model Act, MDL-312 – 20p
  • content.naic.org/cipr_topics/topic_riskbased_capital.htm
  • NAIC – Life Risk-Based Capital Report: Including Overview and Instructions for Companies – link – 1993-Current
  • Financial Condition (E) Committee
    • Life Risk-Based Capital (E) Working Group – content.naic.org/cmte_e_lrbc.htm
  • 1994 – NAIC – Raising The Safety Net: Risk-Based Capital for Life Insurance Companies, by Claude C. Lilly – 356p

• 1993 01 – SOA – NAIC Approves Risk-Based Capital Model Law for Life & Health Insurers, Actuarial Update – %201993%20Actuarial%20Update, January 1993 Actuarial Update – Society of Actuaries – 8p
• 1993 ? – Academy and NAIC Collaborate on Risk-Based Capital Formula – <WishList>
• 1996 – SOA – Investment under the Risk-Based Capital (RBC) and Rating Agencies Requirements, rsa96v22n125i – Society of Actuaries – 16p

• In June 2013, the New York Department of Financial Services (“DES”) concluded a nearly year-long investigation into life insurer-owned captive insurance vehicles.¹
  • Upon finding that New York-based insurers and their affiliates engaged in at least $48 billion in transactions that enabled them to reduce their reserves and artificially inflate their balance sheets by juicing their risk-based capital ratios by approximately 250%, DFS urged fellow state insurance commissioners to adopt a national moratorium with regard to future captives transactions until a fuller and more complete picture could emerge that would inform collective decision-making.  (p1)

2014 0812 – Letter – New York Department of Financial Services (Ben Lawsky) to State Insurance Commissioners, plus Jacob Lew (DOTT), Michael McRaith (FIO) – <WishList>