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·Ch. 40 INSURANCE·Art. 2c RISK-BASED CAPITAL REQUIREMENTS

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.

Kansas § 40-2c12 (Same; commissioner's duties in regulatory action level event) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.