Effective – 28 Aug 2014 375.1250. Definitions. — As used in sections 375.1250 to 375.1275 and in the Risk-Based Capital (RBC) Instructions, the following terms mean: (1) “Adjusted RBC report”, an RBC report which has been adjusted in accordance with subsection 6 of section 375.1252; (2) “Corrective order”, an order issued by the director specifying […]
Effective – 28 Aug 2014 375.1252. RBC report, filed when — contents — formula, how determined — adjusted RBC report required, when. — 1. Every domestic insurer and every health organization shall, on or prior to each March first, prepare and submit to the director a report of its RBC level as of the end […]
Effective – 28 Aug 2014, 2 histories 375.1255. Company action level event, occurrence of, when — effect, duties of insurer or health organization — plan to be submitted, approval of, revision of, when — copies filed with all states in which insurer is authorized to transact business. — 1. “Company action level event” means with […]
Effective – 28 Aug 2014 375.1257. Regulatory action level event, occurrence of, when — director’s duties, corrective actions — plan to be submitted by insurer — or health organization. — 1. “Regulatory action level event” means, with respect to any insurer or health organization, any of the following events: (1) The filing of an RBC […]
Effective – 28 Aug 2014 375.1260. Authorized control level event, occurrence of, when — effect, duties of director. — 1. “Authorized control level event” means any of the following events: (1) The filing of an RBC report by the insurer or health organization which indicates that the insurer’s or health organization’s total adjusted capital is […]
Effective – 28 Aug 2014 375.1262. Mandatory control level event, occurrence of, when — effect, duties of director. — 1. “Mandatory control level event” means, with respect to any insurer or health organization, any of the following events: (1) The filing of an RBC report which indicates that the insurer’s or health organization’s total adjusted […]
Effective – 28 Aug 2014 375.1265. Hearing, insurer’s right to, when — procedures — judicial review of order, exceptions. — 1. Upon: (1) Notification to an insurer or health organization by the director of an adjusted RBC report; or (2) Notification to an insurer or health organization by the director that: (a) The insurer’s or […]
Effective – 28 Aug 2014 375.1267. Reports and plans confidential — RBC levels are regulatory tool, limitation on use. — 1. All RBC reports, to the extent the information therein is not required to be set forth in a publicly available annual statement schedule, and RBC plans, including the results or report of any examination […]
Effective – 28 Aug 2014 375.1269. Provisions of law supplemental to other insurance laws — rules and regulations, authority — exemption of property — immunity from liability. — 1. The provisions of sections 375.1250 to 375.1275 are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any […]
Effective – 28 Aug 2014 375.1270. Foreign insurers to submit RBC report to director, when — plan, submission of, when — powers of director. — 1. Any foreign insurer or foreign health organization shall, upon the written request of the director, submit to the director an RBC report as of the end of the calendar […]
Effective – 28 Aug 2014 375.1272. Notices, effective when. — All notices by the director to an insurer or health organization which may result in regulatory action under sections 375.1250 to 375.1275 shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective […]
Effective – 28 Aug 2014 375.1275. RBC reports for calendar year 1993, requirements — RBC reports for 1996, requirements — not applicable, when — 2014 filings for health organizations. — 1. For RBC reports required to be filed by life and health insurers with respect to 1993, the following requirements shall apply in lieu of […]
