Cummins, J. David; Harrington, Scott E.; Klein, Robert - Financial Institutions Center, Wharton School of Business - 1995
In December 1992, the National Association of Insurance Commissioners (NAIC) adopted a life-health insurer risk-based capital (RBC) formula and model law that became effective with the 1993 annual statement filed in March 1994.<p> <p>In principle, well-designed RBC requirements can help achieve an...</p></p>
