Indiana Code 27-1-36-18. “RBC level”
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Sec. 18. As used in this chapter, “RBC level” means an insurer‘s:
(2) regulatory action level RBC;
(1) company action level RBC;
Terms Used In Indiana Code 27-1-36-18
- authorized control level RBC: means , with respect to an insurer, the number determined under the risk-based capital formula in accordance with the RBC Instructions. See Indiana Code 27-1-36-4
- company action level RBC: means , with respect to an insurer, the product of two (2) multiplied by the insurer's authorized control level RBC. See Indiana Code 27-1-36-6
- insurer: includes :
Indiana Code 27-1-36-9.6
- mandatory control level RBC: means , with respect to an insurer, the product of seven-tenths (. See Indiana Code 27-1-36-12
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
(3) authorized control level RBC; or
(4) mandatory control level RBC.
As added by P.L.186-1996, SEC.1.