NAIC Advances Capital, Solvency Measures at Summer Meeting

State insurance regulators advanced changes to risk-based capital (RBC) requirements and other solvency measures during the National Association of Insurance Commissioners (NAIC) 2026 Summer National Meeting in Columbus, Ohio.

The August 11–14 meeting covered financial solvency oversight, market conduct, emerging technologies, health insurance affordability and availability, natural catastrophe risk, and other regulatory priorities.

Among the actions most relevant to insurance and alternative risk professionals, NAIC members adopted changes to the Risk-Based Capital Preamble and RBC factors for collateralized loan obligations. Both changes will take effect for year-end 2026.

Regulators also approved revisions to capital requirements for life insurers holding collateral loans, which are scheduled to take effect in 2027.

The NAIC advanced updates to principle-based reserving requirements intended to strengthen financial safeguards supporting life insurance and annuity products. Members also opened the NAIC Annuity Disclosure Model Regulation (#245) for revisions as regulators address what the association described as unrealistic projections in annuity illustrations.

Market conduct was another focus. Regulators assessed the existing market conduct regulatory framework and whether changes are needed to respond to evolving markets, business models, and consumer expectations.

The NAIC also voted to reaccredit insurance regulatory departments in Arkansas, the District of Columbia, Indiana, and Michigan.

Property insurance and catastrophe risk received significant attention. Regulators adopted the Affordability and Availability of Homeowners Insurance Playbook, which examines peril and macroeconomic conditions with a focus on innovation, collaboration, and adaptation to emerging risks.

Members also reviewed findings from the NAIC's Examining Homeowner Property Insurance Market Dynamics report and discussed a proposed Residential Mitigation Grant Program Model Act. The voluntary model law would provide states with a framework for establishing, governing, funding, monitoring, and protecting mitigation grant programs. The proposal is open for public comment through September 8.

The meeting also included discussions of insurance fraud and the NAIC's 18th annual State Officials Program, which brought together state insurance regulators, legislators, and other government officials.

The NAIC's final national meeting of 2026 is scheduled for November 14–17 in Dallas.