ARTICLE 4.1. Risk-Based Capital for Insurers
Article 4.1 added by Stats. 1996, Ch. 708, Sec. 1.
§§ 739–739.12 · 12 sections
- § 739 As used in this article, these terms shall have the following meanings: (a) “Adjusted RBC Report” means a Risk-Based Capital (RBC) report that has been…
- § 739.2 (a) Every domestic insurer shall, on or prior to each March 15 (the “filing date”), prepare and submit to the commissioner a report of its RBC Levels as of the…
- § 739.3 (a) “Company Action Level Event” means any of the following events: (1) The filing of an RBC Report by an insurer that indicates any of the following: (A) The…
- § 739.4 (a) “Regulatory Action Level Event” means, with respect to any insurer, any of the following events: (1) The filing of an RBC Report by the insurer that…
- § 739.5 (a) “Authorized Control Level Event” means any of the following events: (1) The filing of an RBC Report by the insurer that indicates that the insurer’s Total…
- § 739.6 (a) “Mandatory Control Level Event” means any of the following events: (1) The filing of an RBC Report that indicates that the insurer’s Total Adjusted Capital…
- § 739.7 Upon any of the events described in subdivision (a), (b), (c), or (d), the insurer shall have the right to a departmental hearing, on the record, at which the…
- § 739.8 (a) All RBC Reports, to the extent the information within those reports is not required to be set forth in a publicly available annual statement schedule, and…
- § 739.9 (a) The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or…
- § 739.10 (a) Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC Report as of the end of the calendar year just…
- § 739.11 If any provision of this article, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions…
- § 739.12 (a) All notices by the commissioner to an insurer that may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered…