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NAIC Risk-Based Capital for Property and Casualty Insurance Companies - Model Regulation (2023)

This model regulation requires property and casualty insurers to maintain capital commensurate with their overall risk profile, calculated via a specific…

What NAIC Risk-Based Capital for Property and Casualty Insurance Companies - Model Regulation (2023) requires

This model regulation requires property and casualty insurers to maintain capital commensurate with their overall risk profile, calculated via a specific formula. It establishes four levels of regulatory action (Company Action, Regulatory Action, Authorized Control, and Mandatory Control) based on the insurer's Total Adjusted Capital (TAC) to Authorized Control Level Risk-Based Capital (RBC) ratio, as defined in Section 4.

Pillar: Insurance & Risk · Authority: National Association of Insurance Commissioners (NAIC) · Version: 1.0.0 · Last updated:

Primary source: https://content.naic.org/sites/default/files/model-law-312.pdf

SHA-256 integrity: 912c4b43073272ac8a05498370afb3e35f319e9986aaca0d3e0477c854b1a79f

Primary Citations — 7 traced to source

  • NAIC Risk-Based Capital for Property and Casualty Insurance Companies Model Regulation, Section 2 - RBC Reports
  • NAIC Risk-Based Capital for Property and Casualty Insurance Companies Model Regulation, Section 3 - Company Action Level Event

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