A National Association of Insurance Commissioners working group adopted risk-based capital guidance and reporting instructions to implement the Mortgage Bankers Association/American Council of Life Insurers-proposed Risk-Based Capital reporting of 2020 Net Operating Income.
Tag: ACLI
CREF Highlights Sept. 17, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
NAIC Extends Modification Period Under Life Company RBC Guidance
On Friday the Financial Condition (E) Committee of the National Association of Insurance Commissioners (NAIC) voted unanimously to extend the modification period covered by its March 27 life company risk-based capital (RBC) guidance for COVID-19-related modifications.
NAIC Issues Clarifying Guidance on RBC Treatment of COVID-19 Loan Modifications
The National Association of Life Insurance Commissioners on Wednesday issued clarifying guidance on the life company risk-based capital treatment of loans modifications during the COVID-19 pandemic.