Nebraska § 44-6011 Risk-based capital level, defined

Nebraska Statutes

§ 44-6011 — Risk-based capital level, defined

Nebraska·Ch. 44 Insurance

Risk-based capital level means an insurer's or a health organization's company action level risk-based capital, regulatory action level risk-based capital, authorized control level risk-based capital, or mandatory control level risk-based capital. For purposes of this section:

(1)Authorized control level risk-based capital means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions;

(2)Company action level risk-based capital means, with respect to any insurer or health organization, the product of 2.0 and its authorized control level risk-based capital;

(3)Mandatory control level risk-based capital means the product of 0.7 and the authorized control level risk-based capital; and

(4)Regulatory action level risk-based capital me

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Risk-based capital level means an insurer's or a health organization's company action level risk-based capital, regulatory action level risk-based capital, authorized control level risk-based capital, or mandatory control level risk-based capital. For purposes of this section:
(1) Authorized control level risk-based capital means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions;
(2) Company action level risk-based capital means, with respect to any insurer or health organization, the product of 2.0 and its authorized control level risk-based capital;
(3) Mandatory control level risk-based capital means the product of 0.7 and the authorized control level risk-based capital; and
(4) Regulatory action level risk-based capital means the product of 1.5 and its authorized control level risk-based capital.

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