Letter to NAIC on Treatment of Medical Active Life Reserves in RBC

Health Practice Financial Reporting Committee letter to Julia T. Philips, the Chair of the NAIC’s Health Risk-Based Capital (RBC) Working Group, that comments on a proposal made by Blue Cross Blue Shield of Florida regarding the treatment in the NAIC RBC formulas of medical insurance products for which active life reserves are held. The letter provided initial thoughts on the matter and seeks further input from the NAIC in light of these thoughts.