§ 1321. Commutation of reinsurance agreements. (a) If the superintendent finds that a domestic insurer or a United States branch of an alien insurer entered through this state is impaired or insolvent within the meaning of this chapter, the superintendent may permit such insurer to utilize commutations of reinsurance agreements to eliminate the impairment or […]
§ 1322. Risk-based capital for life insurance companies, accident and health insurance companies, corporations organized pursuant to article forty-three of this chapter, and certain health maintenance organizations. (a) Definitions. In this section: (1) “Adjusted RBC report” means a RBC report which has been adjusted by the superintendent in accordance with paragraph three of subsection (c) […]
§ 1323. Issuance of capital notes by domestic life insurance companies. (a) A domestic life insurance company may at any time or from time to time issue capital notes pursuant to this section in an aggregate principal amount not exceeding (1) twenty-five percent of its total adjusted capital (including the aggregate principal amount of outstanding […]
§ 1324. Risk-based capital for property/casualty insurance companies. (a) Definitions. In this section: (1) “Adjusted RBC report” means an RBC report which has been adjusted by the superintendent in accordance with paragraph two of subsection (c) of this section. (2) “Corrective order” means an order issued by the superintendent specifying corrective actions which the superintendent […]
§ 1325. Exemption. For the purposes of exempting certain insurance companies from the provisions of section one thousand three hundred twenty-four of this article, the superintendent shall exempt, through December thirty-first, two thousand twenty-five, those stock and non-stock insurance companies to which subparagraph (B) of paragraph two of subsection (b) of such section applies.
