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Guidance on Tax Reform Law’s Impact on 2018 RBC Results

March 25, 2019

On February 22, the NAIC’s Life Risk-Based Capital Working Group adopted a guidance document entitled “Interpretation of 2018 Life Risk-Based Capital Results in Light of the 2017 Tax Cuts and Jobs Act.” Because the methodology for calculating an insurer’s RBC ratio is impacted by the corporate tax rate – including those of not-for-profit, tax-exempt fraternals – we encourage all members to closely review this document.