Full text and statutory guidelines for the Insurers Rehabilitation and Liquidation Model Act.
Alaska Insurers Rehabilitation and Liquidation Model Act
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US-AF01
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One way they do this is by imposing a risk-based capital (RBC) requirement. The RBC requirement is a statutory minimum level of capital that is based on two factors: 1) an insurance company's size; and 2) the inherent riskiness of its financial assets and operations.
?Total adjusted capital? means the sum of: (1) An insurer's statutory capital and surplus as determined in ance with the statutory. accounting applicable to the annual financial statements required to be filed under [cite. appropriate statute]; and.
(3) ?Authorized Control Level RBC? means the number determined under the risk-based capital formula in ance with the RBC Instructions; (4) ?Mandatory Control Level RBC? means the product of . 70 and the Authorized Control Level RBC.
The regulatory action level occurs if surplus falls below 150 percent of the RBC amount. The authorized control level occurs if surplus falls below 100 percent of the RBC amount.
Company Action Level means the designation given by either the National Association of Insurance Commissioners or the state department of insurance of the state of domicile of the insurance company in question of a level or range of levels of Risk-Based Capital Ratios as the Risk-Based Capital Ratio or Ratios, as ...
(2) ?Regulatory Action Level RBC? means the product of 1.5 and its Authorized Control Level RBC; (3) ?Authorized Control Level RBC? means the number determined under the risk-based capital formula in ance with the RBC Instructions; (4) ?Mandatory Control Level RBC? means the product of .
One way they do this is by imposing a risk-based capital (RBC) requirement. The RBC requirement is a statutory minimum level of capital that is based on two factors: 1) an insurance company's size; and 2) the inherent riskiness of its financial assets and operations.
?Authorized Control Level Event? means any of the following events: (1) The filing of an RBC report by the health organization that indicates that the health organization's. total adjusted capital is greater than or equal to its Mandatory Control Level RBC but less than its.
