In the life insurance model, the ratio of total surplus and capital to the risk-based capital calculation must be greater than or equal to 1.0 for the insurance company to be satisfactorily capitalized.

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This statement is true. The risk-based capital calculation is used to determine the minimum amount of capital that an insurance company needs to maintain to cover its potential risks. The ratio of total surplus and capital to this calculation should be at least 1.0 to ensure that the insurance company has sufficient capital to cover its potential losses.

In the Life Insurance Model, the Ratio of Total Surplus