Indiana § 27-1-36-27 Property and casualty insurer's RBC; formula

Indiana Statutes

§ 27-1-36-27 — Property and casualty insurer's RBC; formula

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 36 Risk Based Capital Requirements

A property and casualty insurer's RBC must be determined in accordance with the formula set forth in the RBC instructions. The formula must take into account (and may adjust for the covariance between):

(1)asset risk;

(2)credit risk;

(3)underwriting risk; and

(4)all other business risks and such other relevant risks as are set forth in the RBC instructions; determined by applying the factors in the manner set forth in the RBC instructions.

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A property and casualty insurer's RBC must
be determined in accordance with the formula set forth in the RBC
instructions. The formula must take into account (and may adjust for
the covariance between):
(1) asset risk;
(2) credit risk;
(3) underwriting risk; and
(4) all other business risks and such other relevant risks as are set
forth in the RBC instructions;
determined by applying the factors in the manner set forth in the RBC
instructions.

Indiana § 27-1-36-27 (Property and casualty insurer's RBC; formula) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.