Find Bill
Find Your Legislator
Legislative Deadlines
Aug. 6, 2018
RSS Feed Permanent URL -A +A

2017 Statute



Prev Article 2c. - RISK-BASED CAPITAL REQUIREMENTSNext


40-2c12.Regulatory action level event; commissioner's duties. In the event of a regulatory action level event, the commissioner shall:

(a) Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;

(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer including a review of its RBC plan or revised RBC plan; and

(c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.

History: L. 1994, ch. 138, § 12; July 1.



Prev Article 2c. - RISK-BASED CAPITAL REQUIREMENTSNext
2018. Powered by KLISS. Rendered: 2018-08-06T18:52:19. Head Rev No: 551905(E)