The C-1 Work Group sent a letter to the NAIC Capital Adequacy (E) Task Force on their proposal to expand the number of bond factors in the Life Risk-Based Capital formula. 

The ABCD released its 2019 Annual Report. Last year the ABCD handled 138 cases, comprised of 104 requests for guidance (RFGs) and 34 inquiries, in line with the previous year. It received 17 new inquiries and closed 20 inquiry cases. Of the closed inquiry cases, 12 were dismissed, one was dismissed with guidance, five resulted in counseling, and two were resolved with a recommendation for discipline.

The February HealthCheck previews the Health Practice Council’s (HPC) annual “Hill visits” set for later this month, at which HPC volunteers will meet with federal lawmakers and policymakers on Capitol Hill in Washington to discuss health issues including the Affordable Care Act, Medicare/Medicaid, long-term care, and more. Also, several HPC committees sent comment letters to the Centers for Medicare & Medicaid Services, and recent legislative and regulatory activity.