Indiana Code 27-1-36-33. Notification by commissioner as regulatory action level event
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Terms Used In Indiana Code 27-1-36-33
- Commissioner: means the "insurance commissioner" of this state. 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
- RBC plan: means a comprehensive financial plan containing the elements specified in section 30 of this chapter. See Indiana Code 27-1-36-19
- regulatory action level event: has the meaning set forth in section 35 of this chapter. See Indiana Code 27-1-36-21
Sec. 33. If the commissioner notifies an insurer that the insurer’s RBC plan or revised RBC plan is unsatisfactory, the commissioner may, subject to the insurer’s right to a hearing under section 44 of this chapter, specify in the notification that the notification constitutes a regulatory action level event.
As added by P.L.186-1996, SEC.1.