Kansas § 40-2c17 Mandatory control event; defined

Kansas Statutes

§ 40-2c17 — Mandatory control event; defined

Kansas § 40-2c17

Ch. 40INSURANCE

Art. 2cRISK-BASED CAPITAL REQUIREMENTS

This text of Kansas § 40-2c17 (Mandatory control event; defined) 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. § 40-2c17 (2026).

Text

"Mandatory control event" means any of the following events:

(a)The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC;

(b)notification by the commissioner to the insurer of an adjusted RBC report that indicates the event described in subsection (a) if:

(1)The insurer does not challenge the adjusted RBC report pursuant to K.S.A. 40-2c19; or

(2)the commissioner has rejected such challenge.

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"Mandatory control event" means any of the following events:
(a) The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC;
(b) notification by the commissioner to the insurer of an adjusted RBC report that indicates the event described in subsection (a) if:
(1) The insurer does not challenge the adjusted RBC report pursuant to K.S.A. 40-2c19; or
(2) the commissioner has rejected such challenge.