Indiana § 27-1-36-36 Action by commissioner after regulatory action level event

Indiana Statutes

§ 27-1-36-36 — Action by commissioner after regulatory action level event

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

If a regulatory action level event occurs, the commissioner shall:

(1)require the insurer to prepare an RBC plan or, if applicable, a revised RBC plan;

(2)perform such examination or analysis as the commissioner considers necessary of the assets, liabilities, and operations of the insurer, including a review of the insurer's RBC plan or revised RBC plan; and

(3)after the examination or analysis, issue a corrective order specifying the corrective actions that the commissioner determines are required, taking into account relevant factors with respect to the insurer, based upon the commissioner's examination or analysis of the assets, liabilities, and operations of the insurer, including the results of any sensitivity tests undertaken under the RBC instructions.

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If a regulatory action level event occurs, the
commissioner shall:
(1) require the insurer to prepare an RBC plan or, if applicable, a
revised RBC plan;
(2) perform such examination or analysis as the commissioner
considers necessary of the assets, liabilities, and operations of the
insurer, including a review of the insurer's RBC plan or revised
RBC plan; and
(3) after the examination or analysis, issue a corrective order
specifying the corrective actions that the commissioner
determines are required, taking into account relevant factors with
respect to the insurer, based upon the commissioner's examination
or analysis of the assets, liabilities, and operations of the insurer,
including the results of any sensitivity tests undertaken under the
RBC instructions.

Indiana § 27-1-36-36 (Action by commissioner after regulatory action level event) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.