40-2d12 Same; commissioner’s duties in regulatory action level event.
40-2d12. Same; commissioner’s duties in regulatory action level event. In the event of a regulatory action level event, the commissioner shall: (a) Require the health organization to prepare and submit an RBC plan or, if applicable, a revised RBC plan; (b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities […]
40-2d28 Regulatory action provisions; phase in.
40-2d28. Regulatory action provisions; phase in. (a) Any regulatory action based upon any RBC report required to be filed by a health organization for such health organization’s operations during calendar years 2000 and 2001 shall be subject to the following: (1) In the event of a company action level event with respect to any health […]
40-2d13 Corrective actions; submission of RBC plans, when.
40-2d13. Corrective actions; submission of RBC plans, when. 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 […]
40-2d29 Rules and regulations.
40-2d29. Rules and regulations. The commissioner may adopt reasonable rules and regulations necessary for the implementation of this act. History: L. 2000, ch. 147, § 30; July 1.
40-2d14 Review of RBC plans; expenses.
40-2d14. Review of RBC plans; expenses. The commissioner may retain actuaries and investment experts and other consultants as may be necessary in the judgment of the commissioner to review the health organization’s RBC plan or revised RBC plan, examine or analyze the assets, liabilities and operations of the health organization and formulate the corrective order […]
40-2d30 Health organization risk-based capital act; citation.
40-2d30. Health organization risk-based capital act; citation. K.S.A. 40-2d01 through 40-2d30, inclusive, and amendments thereto, shall constitute and may be cited as the health organization risk-based capital act. History: L. 2000, ch. 147, § 31; July 1.
40-2d15 Authorized control level event; defined.
40-2d15. Authorized control level event; defined. “Authorized control level event” means any of the following events: (a) The filing of an RBC report by the health organization which indicates that the health organization’s total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC; […]
40-2d16 Same; commissioner’s duties in authorized control level event.
40-2d16. Same; commissioner’s duties in authorized control level event. In the event of an authorized control level event with respect to a health organization, the commissioner: (a) Shall take such actions as are required under K.S.A. 40-2d11 through 40-2d14, and amendments thereto, regarding a health organization with respect to which a regulatory action level event […]
40-2d17 Mandatory control event; defined.
40-2d17. Mandatory control event; defined. “Mandatory control event” means any of the following events: (a) The filing of an RBC report by the health organization which indicates that the health organization’s total adjusted capital is less than its mandatory control level RBC; (b) the notification by the commissioner to the health organization of an adjusted […]
40-2d18 Same; commissioner’s actions.
40-2d18. Same; commissioner’s actions. In the event of a mandatory control level event the commissioner shall take actions as are necessary to cause the health organization to be placed under regulatory control under K.S.A. 40-3605 et seq., and amendments thereto. In that event, the mandatory control level event shall be deemed sufficient grounds for the […]