§ 27-1-36-25 — RBC report; requirements; filing

Indiana § 27-1-36-25

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 36: Risk Based Capital Requirements

Text

(a) A domestic insurer shall prepare a report
of the RBC levels of the insurer as of the last day of the calendar year
most recently ended. The report must:
(1) be in the form; and
(2) contain the information;
required by the RBC Instructions.
(b) On or before March 1 of each year, a domestic insurer shall file
the RBC report described in subsection (a) with:
(1) the commissioner;
(2) the NAIC, in accordance with the RBC Instructions; and
(3) the insurance commissioner in any state other than Indiana in
which the insurer is authorized to do business, if the insurance
commissioner has notified the insurer in writing of the
commissioner's request for the insurer's RBC report.
An insurer is not required to pay a fee when filing an RBC report under
this subsection.
(c) If an insurer is required under subsection (b)(3) to file its RBC
report with the insurance commissioner of a state other than Indiana,
the insurer shall file the RBC report with the insurance commissioner
of that state not later than:
(1) fifteen (15) days after the insurer receives the notice; or
(2) March 1 of the calendar year in which the insurer receives the
notice;
whichever occurs later.

Legislative History

As added by P.L.186-1996, SEC.1. Amended by P.L.124-2018, SEC.60.