Group Capital Calculation Working Group Notes – September 2, 2020

People signing a contact around a table

During this conference call, the Group Capital Calculation Working Group (Working Group) concluded the discussion of comments it had received on exposed revisions to the proposed group capital calculation template and instructions. The discussion during this call covered treatment of nonfinancial entities in a group, allowance for debt, scalers, sensitivity analysis, and a few pieces of miscellaneous information collected during the testing period. Although members of the Working Group could participate in the discussion, most of the comments were provided by representative industry organizations and insurers for consideration by the Working Group. The chair declared he is hoping for a very productive September and would soon be scheduling several other conference calls with the goal of finalizing the group calculation, as well as working on revising the Holding Company Act.

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