Fraternal Blank Changes for Alliance Members
The Alliance has been working closely with the NAIC Life Risk-Based Capital Working Group on the proposed combination of life and fraternal RBC blank and instruction changes. A special thank you goes to Tip Tipton of Thrivent and Thomas Brockett of the Knights of Columbus for lending their experience and expertise to the Alliance’s effort. On March 1, 2019 the Alliance issued a Regulatory Alert asking members to provide us their comments on the Exposure Draft. We did not receive any feedback from members or associate members. On Tuesday, March 19, the Alliance submitted this Comment Letter to the NAIC suggested several revisions to the Exposure Draft. We expect the NAIC to address this issue at its April meeting and will keep members updated on the developments on this issue through special Regulatory Alerts.