Regulators May Update Indexed Annuity Capital Thermometer
April 9, 2019 by Allison Bell
State insurance regulators may change the way they take the temperature of indexed annuity issuers.
Members of the Life Risk-Based Capital Working Group — an arm of the National Association of Insurance Commissioners (NAIC) — are talking about the idea of easing up on their current approach to calculating risk-based capital (RBC) ratios for indexed annuities that are regulated as fixed-rate insurance products, rather than as variable-rate securities.
Working group members talked about RBC treatment of indexed annuities Sunday, during a session in Orlando, Florida, at the NAIC’s spring national meeting.
NAIC Basics
The NAIC is a group for state insurance regulators.
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Links to Life Risk-Based Capital Working Group documents are available here, in the Meeting Materials section.