§ 40-2c10 — Domestic insurer to file RBC plan in any state authorized to do business

Kansas § 40-2c10

• Jurisdiction: Kansas
• Ch. 40: INSURANCE
• Art. 2c: RISK-BASED CAPITAL REQUIREMENTS

Text

Every domestic insurer that files an RBC plan or revised RBC plan with the commissioner shall file a copy of the RBC plan or revised RBC plan with the insurance commissioner in any state in which the insurer is authorized to do business if:
(a) Such state has an RBC provision substantially similar to K.S.A. 40-2c20; and
(b) the insurance commissioner of that state has notified the insurer of such insurance commissioner's request for the filing in writing, in which case the insurer shall file a copy of the RBC plan or revised RBC plan in that state no later than the later of:
(1) Fifteen days after the receipt of notice to file a copy of its RBC plan or revised RBC plan with the state; or
(2) the date on which the final RBC plan or revised RBC plan is filed under K.S.A. 40-2c07 and 40-2c08.

Legislative History

L. 1994, ch. 138, § 10; July 1.