KANSAS CITY, Mo. (July 16, 2020) — The National Association of Insurance Commissioners (NAIC) has released a Fiscal Impact Statement for a two-week comment period. The fiscal regards funding for an Economic Scenario Generator (ESG) producing real-world interest and equity scenarios to be prescribed for use in calculations of life and annuity Statutory reserves according to the Valuation Manual (VM-20, VM-21) and capital under the NAIC RBC requirements (C3 Phase 1, C3 Phase 2).
A vote to approve the fiscal is expected during the 2020 Summer National Meeting in August.
Fiscal Impact Statement – Economic Scenario Generator
Comments due by July 30, 2020