Indiana § 27-1-36-56 Excess capital

Indiana Statutes

§ 27-1-36-56 — Excess capital

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

(a)An excess of capital over the amount produced by the:

(1)risk based capital requirements contained in this chapter; and

(2)formulas, schedules, and instructions referred to in this chapter; is desirable in the business of insurance. Therefore, insurers should seek to maintain capital above the RBC levels required by this chapter.

(b)Additional capital is used and useful in the insurance business and helps to secure an insurer against various risks that are:

(1)inherent in or affecting the business of insurance; and

(2)not accounted for or only partially measured by the risk based capital requirements contained in this chapter.

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(a) An excess of capital over the amount
produced by the:
(1) risk based capital requirements contained in this chapter; and
(2) formulas, schedules, and instructions referred to in this
chapter;
is desirable in the business of insurance. Therefore, insurers should
seek to maintain capital above the RBC levels required by this chapter.
(b) Additional capital is used and useful in the insurance business
and helps to secure an insurer against various risks that are:
(1) inherent in or affecting the business of insurance; and
(2) not accounted for or only partially measured by the risk based
capital requirements contained in this chapter.

Indiana § 27-1-36-56 (Excess capital) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.