Filed Under:Health Insurance, Individual Health

Insurers blast effort to change financial rules revision deadline

Regulators were thinking of moving the RBC change deadline to July 31, from April 30.
Regulators were thinking of moving the RBC change deadline to July 31, from April 30.

Insurers and their software companies are joining to fight a proposal to give regulators more time to update the risk-based capital (RBC) reporting rules for a given year. 

Regulators use RBC figures to determine whether insurers have enough capital to support the policies they have written. Changes in RBC may increase or decrease what insurers charge for their products.

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Nichole Morford

Nichole Morford
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