Kansas § 40-2d13 Corrective actions; submission of RBC plans, when

Kansas Statutes

§ 40-2d13 — Corrective actions; submission of RBC plans, when

Kansas·Ch. 40 INSURANCE·Art. 2d HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

In determining corrective actions, the commissioner may take into account such factors as are deemed relevant with respect to the health organization based upon the commissioner's examination or analysis of the assets, liabilities and operations of the health organization, including, but not limited to, the results of any sensitivity tests undertaken pursuant to the RBC instructions. The RBC plan or revised RBC plan shall be submitted:

(a)Within 45 days after the occurrence of the regulatory action level event;

(b)within 45 days after the notification to the health organization that the commissioner has rejected the health organization's challenge to an adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or

(c)within 45 days after notification to the health organizat

Free access — add to your briefcase to read the full text and ask questions with AI

In determining corrective actions, the commissioner may take into account such factors as are deemed relevant with respect to the health organization based upon the commissioner's examination or analysis of the assets, liabilities and operations of the health organization, including, but not limited to, the results of any sensitivity tests undertaken pursuant to the RBC instructions. The RBC plan or revised RBC plan shall be submitted:
(a) Within 45 days after the occurrence of the regulatory action level event;
(b) within 45 days after the notification to the health organization that the commissioner has rejected the health organization's challenge to an adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or
(c) within 45 days after notification to the health organization that the commissioner has rejected the health organization's challenge to a revised RBC plan pursuant to K.S.A. 40-2d19, and amendments thereto.

Kansas § 40-2d13 (Corrective actions; submission of RBC plans, when) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.