§ 40-2c20 — RBC reports, plans and corrective orders are confidential; not to be used by commissioner for rate making

Kansas § 40-2c20

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

Text

(a) All RBC reports, RBC plans and any corrective orders, including the working papers and the results of any analysis of an insurer performed under this act shall be kept confidential by the commissioner. This information shall not be made public or subject to subpoena, other than by the commissioner and then only for the purpose of enforcement actions taken by the commissioner pursuant to this act or any other provision of the insurance laws of this state.
(b) RBC instructions, RBC reports, adjusted RBC reports, RBC plans and revised RBC plans are intended solely for use by the commissioner in monitoring the solvency of insurers and the need for possible corrective action with respect to insurers and shall not be used by the commissioner for ratemaking nor considered or introduced as evidence in any rate proceeding nor used by the commissioner to calculate or derive any elements of an appropriate premium level or rate of return for any line of insurance which an insurer or any affiliate is authorized to write.

Legislative History

L. 1994, ch. 138, § 20; L. 1996, ch. 134, § 8; July 1.