41-5401 Definitions
41-5402 Rbc Reports
41-5403 Company Action Level Event
41-5404 Regulatory Action Level Event
41-5405 Authorized Control Level Event
41-5406 Mandatory Control Level Event
41-5407 Hearings
41-5408 Confidentiality — Prohibition On Announcements, Prohibition On Use in Ratemaking
41-5409 Supplemental Provisions — Rules — Exemption
41-5410 Foreign Insurers
41-5411 Immunity
41-5412 Notices
41-5413 Severability

Terms Used In Idaho Code > Title 41 > Chapter 54 - Risk-Based Capital (Rbc) for Insurers Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corrective order: means an order issued by the director specifying corrective actions which the director has determined are required. See Idaho Code 41-5401
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Domestic insurer: means any insurer domiciled in this state. See Idaho Code 41-5401
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreign insurer: means any insurer not domiciled in this state. See Idaho Code 41-5401
  • Health organization: means any hospital service corporation or professional service corporation licensed under chapter 34, title 41, Idaho Code. See Idaho Code 41-5401
  • Insurer: means any insurance company authorized to transact insurance business in this state and includes a fraternal benefit society and a health organization unless the context otherwise requires. See Idaho Code 41-5401
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • NAIC: means the national association of insurance commissioners. See Idaho Code 41-5401
  • Negative trend: means , with respect to a life and/or health insurer or a fraternal benefit society, a negative trend over a period of time, as determined in accordance with the "Trend Test Calculation" included in the life or fraternal RBC instructions. See Idaho Code 41-5401
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Property and casualty insurer: means any insurer licensed under chapter 3, title 41, Idaho Code, to transact property and casualty insurance, but shall not include monoline mortgage guaranty insurers, financial guaranty insurers, title insurers, farm and county mutuals and domestic reciprocal insurers with fewer than seven (7) subscribers which insure only worker’s compensation risk in this state and which only issue fully assessable policies. See Idaho Code 41-5401
  • RBC: means risk-based capital. See Idaho Code 41-5401
  • RBC instructions: means the RBC report, including risk-based capital instructions adopted by the NAIC, as such RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC. See Idaho Code 41-5401
  • RBC plan: means a comprehensive financial plan containing the elements specified in section 41-5403(2), Idaho Code. See Idaho Code 41-5401
  • RBC report: means the report required in section 41-5402, Idaho Code. See Idaho Code 41-5401
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Total adjusted capital: means the sum of:
  • Idaho Code 41-5401
  • Trend Test Calculation: include d in the life or fraternal RBC instructions. See Idaho Code 41-5401