Indiana § 27-1-36-41 "Mandatory control level event"

Indiana Statutes

§ 27-1-36-41 — "Mandatory control level event"

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

As used in this chapter, "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 is less than its mandatory control level RBC.

(2)Notification by the commissioner to the insurer of an adjusted RBC report that indicates that the insurer's total adjusted capital is less than its mandatory control level RBC unless the insurer challenges the adjusted RBC report under section 44 of this chapter.

(3)Notification by the commissioner to the insurer that the commissioner has, after a hearing under section 44 of this chapter, rejected the insurer's challenge to an adjusted RBC report.

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As used in this chapter, "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 is less than its mandatory control level RBC.
(2) Notification by the commissioner to the insurer of an adjusted
RBC report that indicates that the insurer's total adjusted capital
is less than its mandatory control level RBC unless the insurer
challenges the adjusted RBC report under section 44 of this
chapter.
(3) Notification by the commissioner to the insurer that the
commissioner has, after a hearing under section 44 of this chapter,
rejected the insurer's challenge to an adjusted RBC report.

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