Indiana Code 27-1-36-28. Inaccuracy of RBC report filed by domestic insurer
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Sec. 28. (a) If the commissioner determines an RBC report filed by a domestic insurer is inaccurate, the commissioner shall:
(2) notify the insurer of the adjustment.
(1) adjust the RBC report to correct the inaccuracy; and
Terms Used In Indiana Code 27-1-36-28
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- domestic insurer: means any:
Indiana Code 27-1-36-8
- insurer: includes :
Indiana Code 27-1-36-9.6
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
- RBC report: means the report required by section 25 of this chapter. See Indiana Code 27-1-36-20
(b) A notice provided by the commissioner under subsection (a) must contain a statement of the reason for the adjustment.
As added by P.L.186-1996, SEC.1.