Life Capital Adequacy Subcommittee

This subcommittee analyzes issues related to life and annuity capital adequacy and recommends methods to improve life risk-based capital requirements. The LCAS is a technical advisor on solvency issues to the NAIC, including the NAIC’s Solvency Modernization Initiative Task Force. The LCAS operates with a few workgroups, including the Invested Asset Work Group, the Economic Scenario Generator and Economic Scenario Implementation Work Groups. This Subcommittee works with other Life Practice Council groups on the implementation of PBA and is a liaison to the Risk Management and Financial Reporting Council’s Solvency and ERM Task Forces.

Staff liaison: John Meetz

Chairperson(s): Jeff Johnson, Patricia Matson

 Mary Bahna-Nolan
 Stephen Banks
 Nancy Bennett
 Ross Bowen
 Jeremy Brown
 Martin Claire
 Richard Daillak
 Dana Hunt
 Sara Kaufman
 Jason Kehrberg
 Kristina Kennedy
 Jeffrey Mohrenweiser
 John Nigh
 Link Richardson
 Michal Ryduchowski
 Lisa Thomas
 Erik Thoren
 Chris Trost
 David Walczak
 Josh Windsor
 Mark Yu

Related Publications

C1 Bond Factor Development Presentation
C1 Work Group presentation regarding C1 RBC model construction and the development of basic C1 bond factors to the NAIC C1 Factor Review Subgroup. (May 01, 2012)
C1 Work Group Reports to NAIC C1 Factor Review Subgroup
C1 Work Group report regarding C1 RBC model construction and development of basic C1 Bond Factors to the NAIC C1 Factor Review Subgroup. (April 26, 2012)
The Invested Asset Work Group wrote a letter to the NAIC Life RBC Working Group regarding the ACLI's Proposal on Risk-Based Capital for Commercial Mortgages
The Invested Asset Work Group wrote a letter to the NAIC Life RBC Working Group regarding the ACLI's Proposal on Risk-Based Capital for Commercial Mortgages. (November 01, 2011)
Comments on NY Insurance Dept. Proposal on US Government Obligations
Invested Asset Work Group comments on the Reporting Full Faith and Credit and Other U.S. Government Obligations proposal from Matti Peltonen of the New York State Insurance Department that was made to the Valuation of Securities Task Force (VOSTF) on July 7, 2011. (August 11, 2011)
Presentation on C3 Phase 3 RBC Activities
Life Capital Adequacy Subcommittee presentation to NAIC's Life RBC Working Group on C3 Phase 3 RBC activities. (September 01, 2006)
Proposal to NAIC on Risk Based Capital Requirements for C-3a
Life Capital Adequacy Subcommittee recommended changes to the NAIC regarding risk based capital requirements for C-3a. (March 01, 2004)
Recommendations to NAIC on Calculation of Asset Risk (C-1) Required Capital for Preferred Stock
Life Capital Adequacy Subcommittee recommendations to the NAIC regarding the calculation of the asset risk (C-1) required capital for preferred stock. (March 01, 2004)
Life Capital Adequacy Subcommittee Progress Report on C-3 Phase 2
Life Capital Adequacy Subcommittee progress report to the NAIC on C-3 Phase 2. (June 01, 2003)
Report on Proposed New RBC Method for Indexed Separate Accounts
Life Capital Adequacy Subcommittee report to the NAIC regarding a proposed new RBC method for indexed separate accounts. A spreadsheet accompanies the report. (June 01, 2003)
Report on Modified Coinsurance and Reinsurance RBC Issues
Life Capital Adequacy Subcommittee report to the NAIC regarding modified coinsurance and reinsurance RBC issues. (June 01, 2003)