Indiana Code 27-1-36-27. Property and casualty insurer’s RBC; formula
Current as of: 2023 | Check for updates
|
Other versions
Sec. 27. A property and casualty insurer‘s RBC must be determined in accordance with the formula set forth in the RBC instructions. The formula must take into account (and may adjust for the covariance between):
(2) credit risk;
(1) asset risk;
Terms Used In Indiana Code 27-1-36-27
- insurer: includes :
Indiana Code 27-1-36-9.6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
(3) underwriting risk; and
(4) all other business risks and such other relevant risks as are set forth in the RBC instructions;
determined by applying the factors in the manner set forth in the RBC instructions.
As added by P.L.186-1996, SEC.1.