National Association of Insurance Commissioners Requests Comments on Fiscal Impact Statement for Economic Scenario Generator

KANSAS CITY, Missouri, July 17 -- The National Association of Insurance Commissioners issued the following news release:

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.

Information about this project is available on www.naic.org. Comments on the fiscal are due to jwoody@naic.org by July 30, 2020.

Fiscal Impact Statement - Economic Scenario Generator (https://www.naic.org/documents/rfc_fiscal_economic_scenario_generator_200716.pdf)

Comments due by July 30, 2020