This text of Wyoming § 26-48-201 (Definitions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(a)As used in this article:
(i)"Adjusted RBC report" means an RBC report which
has been adjusted by the commissioner in accordance with W.S.
26-48-202(c);
(ii)"Corrective order" means an order issued by the
commissioner specifying corrective actions which the
commissioner has determined are required;
(iii)"Domestic health organization" means a health
organization domiciled in this state;
(iv)"Foreign health organization" means a health
organization that is licensed to do business in this state but
is not domiciled in this state;
(v)"Health organization" means a health maintenance
organization, limited health service organization, dental or
vision plan, hospital, medical and dental indemnity or service
corporation or other managed care organization licensed under
chapter 3 or chapter
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(a) As used in this article:
(i) "Adjusted RBC report" means an RBC report which
has been adjusted by the commissioner in accordance with W.S.
26-48-202(c);
(ii) "Corrective order" means an order issued by the
commissioner specifying corrective actions which the
commissioner has determined are required;
(iii) "Domestic health organization" means a health
organization domiciled in this state;
(iv) "Foreign health organization" means a health
organization that is licensed to do business in this state but
is not domiciled in this state;
(v) "Health organization" means a health maintenance
organization, limited health service organization, dental or
vision plan, hospital, medical and dental indemnity or service
corporation or other managed care organization licensed under
chapter 3 or chapter 34 of this title. This definition does not
include an organization that is licensed as either a life and
health insurer or a property and casualty insurer as defined in
W.S. 26-48-101(a)(xiii) and (xiv) and that is otherwise subject
to either the life or property and casualty risk based capital
requirements of W.S. 26-48-101 through 26-48-112;
(vi) "NAIC" means the National Association of
Insurance Commissioners;
(vii) "RBC" means risk-based capital;
(viii) "RBC instructions" means the RBC report
including risk-based capital instructions adopted by the
commissioner, and as may be amended by the commissioner;
(ix) "RBC level" means a health organization's
company action level RBC, regulatory action level RBC,
authorized control level RBC or mandatory control level RBC
where:
(A) "Company action level RBC" means, with
respect to any health organization, the product of two (2) and
its authorized control level RBC;
(B) "Regulatory action level RBC" means the
product of one and one-half (1.5) and its authorized control
level RBC;
(C) "Authorized control level RBC" means the
number determined under the risk-based capital formula in
accordance with the RBC instructions;
(D) "Mandatory control level RBC" means the
product of seven-tenths (.7) and the authorized control level
RBC.
(x) "RBC plan" means a comprehensive financial plan
containing the elements specified in W.S. 26-48-203(b). If the
commissioner rejects the RBC plan, and it is revised by the
health organization, with or without the commissioner's
recommendation, the plan shall be called the "revised RBC plan";
(xi) "RBC report" means the report required in W.S.
26-48-202;
(xii) "Total adjusted capital" means the sum of:
(A) A health organization's statutory capital
and surplus as determined in accordance with the statutory
accounting applicable to the annual financial statements
required to be filed under W.S. 26-3-123 or 26-34-110; and
(B) Such other items, if any, as the RBC
instructions may provide.