Risk Oversight Committee Charter
The Risk Oversight Committee of the Board of Directors of MBIA Inc. is charged
with the responsibilities on behalf of MBIA Inc. and its subsidiaries enumerated
I. Monitor the underwriting process through the receipt of
periodic reports in order to assure general compliance with
underwriting guidelines and procedures, including
appropriate diversification by geography, quality, type and
size of issue.
II. Review significant changes in general underwriting policy
and guidelines proposed by management.
III. Review management proposals to introduce new product
lines and new services outside the scope of existing
IV. Review portfolio quantitative analyses and sectoral
qualitative analyses to assess overall insurance portfolio
characteristics and performance.
V. Review risk/return tools and overall risk/return performance
according to targets.
VI. Monitor risk-based capital adequacy measures and trends
VII. Review surveillance activities with particular focus on
VIII. Review market risk measures and management throughout
IX. Perform such other duties as may be delegated to it or
requested by the Board of Directors.
X. Perform an annual performance evaluation of the Risk