Life Investment and Capital Adequacy Committee
The Life Investment and Capital Adequacy Committee (LICAC) analyzes issues related to life and annuity capital adequacy and recommends methods to improve life risk-based capital requirements. The LICAC is a technical adviser on solvency issues to the NAIC.
Staff Liaison:
Amanda Barry-Moilanen
Chairperson:
Stephen Smith
Members:
Rhonda Ahrens
Marc Altschull
Serena Chao
Rohini Choudhury
Mieley Cooke
Ann Delaney
Jing Fritz
Heather Gordon
Ken Griffin
Richard Hayes
Russ Kolmin
Robert Leach
Quintin Li
Amanda Muhlbaier
Maambo Mujala
Link Richardson
Barbara Snyder
Connie Tang
Runxian Wang
Gabriel Wittenberg
Karen Zhong
Marc Altschull
Serena Chao
Rohini Choudhury
Mieley Cooke
Ann Delaney
Jing Fritz
Heather Gordon
Ken Griffin
Richard Hayes
Russ Kolmin
Robert Leach
Quintin Li
Amanda Muhlbaier
Maambo Mujala
Link Richardson
Barbara Snyder
Connie Tang
Runxian Wang
Gabriel Wittenberg
Karen Zhong
Related Publications
C-1 Subcommittee Updates NAIC on CLO Modeling
C-1 Subcommittee Chairperson Stephen Smith provided an update on CLO C-1 Factors Modeling to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group.
Topics: NAIC
Date Published: 04/09/2026
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C-1 Subcommittee Presents at NAIC on CLO Project
C-1 Subcommittee Chairperson Steve Smith gave an update on the collateralized loan obligation (CLO) comparable attributes project to the NAIC’s Risk-Based Capital Investment Risk and Evaluation...
Topics: Risk-Based Capital
Date Published: 03/23/2026
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C1 Subcommittee Presents on CLOs
The C-1 Subcommittee provided an update to NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group on the collateralized loan obligation (CLO) Comparable AttributesDate Published: 03/12/2026
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C-1 Subcommittee Comments to NAIC on CLO C-1 Factors Modeling
The C-1 Subcommittee presented an update on CLO C-1 Factors Modeling to the NAIC’s Risk-Based Capital Investment Risk and Evaluation (E) Working Group.Date Published: 12/15/2025
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Longevity Risk Task Force Comments to NAIC on RBC C-2 Charge
The Longevity Risk Task Force provided feedback to the NAIC’s Longevity Risk (E/A) Subgroup in response to a request from the Subgroup on a framework for the RBC C-2 charge for longevity...
Topics: Life
Date Published: 11/14/2025
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Task Force Comments to Subgroup
The Longevity Risk Task Force submitted comments to the NAIC's Longevity Risk (E/A) Subgroup in response to their Longevity Risk Factor Proposal Request.
Topics: Life
Date Published: 09/15/2025
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Committee comments on covariance
The Life Investment and Capital Adequacy Committee submitted a comment letter to NAIC's Life Risk-Based Capital (E) Working Group (LRBC) in response to questions raised during LRBC's June meeting.
Topics: Life
Date Published: 09/08/2025
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C-1 Subcommittee Presents on CLO
The C-1 Subcommittee provided an update to NAIC's Risk-Based Capital Investment Risk and Evaluation (E) Working Group on collateralized loan obligation (CLO) C-1 factor modeling for the Structured...
Topics: Life
Date Published: 09/04/2025
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Subcommittee Comments to NAIC on Proposed Task Force Reorganization
The Life Investment Analysis Subcommittee submitted comments to the NAIC's Financial Condition (E) Committee on the proposed reorganization of the Valuation of Securities (E) Task Force.
Topics: Life
Date Published: 07/10/2025
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C1 Subcommittee Updates NAIC’s RBC Investment Risk Working Group
The C1 Subcommittee gave an update to NAIC's Risk-Based Capital (RBC) Investment Risk Evaluation (E) Working Group on its work determining comparable attributes of collateralized loan obligations...
Topics: Actuarial Standards
Date Published: 03/25/2025
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Subcommittee Presents to RBCIRE on CLO Project
The C1 Subcommittee presented an update to the Risk-Based Capital Investment Risk Evaluation (E) Working Group on their work determining comparable attributes of collateralized loan obligations...
Topics: Casualty Risk-Based Capital
Date Published: 02/11/2025
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