New NAIC Rule to Hit Some Life and Annuity Issuer Assets
August 23, 2023 by Allison Bell
State insurance regulators want life and annuity issuers to think twice before trying to increase their returns by investing in riskier slices of asset-backed securities.
The National Association of Insurance Commissioners today approved two measures that will cut how much of those assets’ value life insurers can include when calculating their “risk-based capital” ratios, or financial health summary statistics. The vote tally was not immediately available.