The National Association of Insurance Commissioners (NAIC) has selected PIMCO as a third-party modeler to help state regulators determine the risk-based capital requirements for RMBS.

The new NAIC model is slated to produce expected security-level losses for roughly 18,000 RMBS owned by U.S. insurers at the end of 2009. Through this, insurers can map their holdings to designations set by the group and those designations accompanying risk-based capital requirements.

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