REGULATORS SAY insurance companies and agents can't talk about or advertise the new "risk-based capital" (RBC) scores. With the early-1990s collapse of several carriers in mind, the National Association of Insurance Commissioners came up with RBC ratings for insurers to gauge how risky their assets and business lines are. Saying RBC should only be a regulatory tool, the NAIC devised the gag rule out of fear consumers would be misled.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- One of the World’s Hottest Stocks Is Now Tumbling
- This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again
- Recent ‘Odd’ Market Moves May Be a Warning Sign for Stocks
- The Global Economy Is Doing Just Fine, But the Davos Elite Is Worried
- U.S. Stocks Gain as Senate Votes to End Shutdown: Markets Wrap