§ 33-56-5. Authorized Control Level Events; Actions by Commissioner
For the purposes of this Code section, “authorized control level event” means any of the following events: The filing of an RBC report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC; The notification […]
§ 33-56-6. Mandatory Control Level Events; Actions by Commissioner
For purposes of this Code section, “mandatory control level event” means any of the following events: The filing of an RBC report which indicates that the insurer’s total adjusted capital is less than its mandatory control level RBC; Notification by the Commissioner to the insurer of an adjusted RBC report that indicates the event in […]