Statutes > Kansas Statutes > Chapter 40 INSURANCE > Article 2d HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS > 40-2d05. Risk-based capital; company action level event; defined.

40-2d05. Risk-based capital; company action level event; defined.

40-2d05

Chapter 40.--INSURANCE
Article 2d.--HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

      40-2d05.   Risk-based capital; company action levelevent; defined."Company action level event" means any of the followingevents:

      (a)   The filing of an RBC report by a health organization which indicates thata health organization's total adjusted capital is greater than or equal to itsregulatory action level RBC but less than its company action level RBC.

      (b)   The notification by the commissioner to the health organization of anadjusted RBC report that indicates the event described in subsection (a) if:

      (1)   The health organization does not challenge the adjusted RBC reportpursuant to K.S.A. 40-2d19, and amendments thereto; or

      (2)   the commissioner has rejected such challenge after a hearing.

      History:   L. 2000, ch. 147, § 6; July 1.