Indiana Code 27-1-36-24. “Total adjusted capital”
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Sec. 24. As used in this chapter, “total adjusted capital” means the sum of:
(2) other items, if any, that the RBC Instructions may provide.
(1) an insurer‘s statutory capital and surplus determined in accordance with the statutory accounting principles and practices that are applicable to the annual financial statements required to be filed under IC 27-1-3.5; and
Terms Used In Indiana Code 27-1-36-24
- capital: means the aggregate amount paid in on the shares of capital stock of a corporation issued and outstanding. See Indiana Code 27-1-2-3
- insurer: includes :
Indiana Code 27-1-36-9.6
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
As added by P.L.186-1996, SEC.1. Amended by P.L.124-2018, SEC.59.