Indiana Code 27-1-36-37. Timing for submission of RBC plan or revised RBC plan after regulatory action level event
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Sec. 37. The RBC plan or revised RBC plan must be submitted:
(2) not later than forty-five (45) days after the notification to the insurer that the commissioner has, after a hearing under section 44 of this chapter, rejected the insurer’s challenge to an adjusted RBC report; or
(1) not more than forty-five (45) days after the regulatory action level event;
Terms Used In Indiana Code 27-1-36-37
- adjusted RBC report: means an RBC report that has been adjusted by the commissioner under section 28 of this chapter. See Indiana Code 27-1-36-2
- 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
(3) not more than forty-five (45) days after the notification to the insurer that the commissioner has, after a hearing under section 44 of this chapter, rejected the insurer’s challenge to an adjusted RBC plan.
As added by P.L.186-1996, SEC.1.