Kansas § 40-2c12 Same; commissioner's duties in regulatory action level event

Kansas Statutes

§ 40-2c12 — Same; commissioner's duties in regulatory action level event

Kansas § 40-2c12

Ch. 40INSURANCE

Art. 2cRISK-BASED CAPITAL REQUIREMENTS

This text of Kansas § 40-2c12 (Same; commissioner's duties in regulatory action level event) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-2c12 (2026).

Text

In the event of a regulatory action level event, the commissioner shall:

(a)Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;

(b)perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer including a review of its RBC plan or revised RBC plan; and

(c)subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.

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In the event of a regulatory action level event, the commissioner shall:
(a) Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;
(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer including a review of its RBC plan or revised RBC plan; and
(c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.