Adoption of RBC Framework for Life Insurance

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IC INSURANCE MEMORANDUM CIRCULAR NO. 6-2006: Adoption of RBC Framework for Life Insurance

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Title Supreme Court: Adoption of RBC Framework for Life Insurance

Law: Ic Insurance Memorandum Circular No. 6-2006

Decision Date: Oct 5, 2006

The Insurance Commission mandates life insurance companies to adopt a Risk-Based Capital (RBC) Framework, requiring a minimum RBC ratio of 100% to ensure financial stability in relation to their investment and insurance risks, with escalating regulatory interventions based on compliance levels.

risk based

capital

life insurance

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