Group Capital Calculation (E) Working Group

2021 Adopted Charges

The Group Capital Calculation (E) Working Group will:

Continually review and monitor the effectiveness of the group capital calculation (GCC), and consider revisions, as necessary, to maintain the effectiveness of its objective under the U.S. solvency system.
Develop regulatory guidance related to the GCC. Complete by the 2021 Summer National Meeting.
Liaise, as necessary, with the International Insurance Relations (G) Committee on international group capital developments, and consider input from participation of U.S. state insurance regulators in the International Association of Insurance Supervisors (IAIS) monitoring process.

Calendar

Public Webex Meeting
Monday, July 26, 2021
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT Expected Length of Call: 1 hr
Webex Link

This meeting is in lieu of the 2021 Summer National Meeting.

The Working Group will consider the adoption of meeting minutes, begin discussion on maintenance procedures and related document, and other GCC related matters.

See all Current Exposure Drafts

The Mutual Recognition of Jurisdictions (E) Working Group has exposed the following item for public comment through August 20, 2021. Please submit comments to NAIC staff, Jake Stultz and Dan Schelp.

Process for Evaluating Jurisdictions that Recognize and Accept the Group Capital Calculation [Word] [PDF]

The proposed GCC procedures documents (procedures, form and instructions) is exposed by the Working Group for a 60-day comment period.

Proposed GCC Procedures Documents

Please direct all comments to Dan Daveline by September 24.

The draft referral to the Capital Adequacy (E) Task Force, is exposed by the Working Group for a 90-day comment period.

Referral: Group Capital Calculation Treatment Regarding Certain Subsidiaries

Please direct all comments to Dan Daveline by October 25.

The Working Group is exposing the two document below; comments including additional redlines of the word documents should be submitted to Dan Daveline.

Regulatory Guidance 9/13/21
Analyst Reference Guide 9/13/21

Two PDF documents accompanying this exposure, the first of which shows the track changes version of the word documents which incorporate most of the suggestions from various commenters. The second is the actual comments received from the original exposure.

Please direct all comments to Dan Daveline by October 29.

2021 GCC Trial Implementation

2021 GCC Instructions

2021 GCC Template

2021 GCC Revised Template 8/18/21

GCC Trial Volunteer Presentation 6/17/21

GCC Trial Volunteer Meeting Recording 6/17/21

2021 GCC Trial Q&A 7/26/21

Related NAIC Publications

Minutes for recent national meetings are available for meeting attendees via an event app within 10 days after a meeting concludes. On the NAIC.org website, free access to meeting minutes is available 30 days after a meeting concludes. They are posted to the interactive agenda for each meeting tab on the meetings page. The Proceedings of the NAIC are made available after the minutes are adopted at each subsequent meeting and may be accessed via the NAIC Publications page.

Accounting Practices and Procedures Manual

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions

Compendium of State Laws on Insurance Topics

Financial Analysis Handbook

Financial Condition Examiners Handbook

Insurance Regulatory Information System

NAIC Model Laws, Regulations, Guidelines and Other Resources

Purposes and Procedures Manual of the NAIC Investment Analysis Office

Risk-Based Capital Forecasting

States' Prescribed Differences from NAIC Statutory Accounting Principles