Full text of legislative history behind the Insurers Rehabilitation and Liquidation Model Act.
Alaska Insurers Rehabilitation and Liquidation Model Act Legislative History
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Multi-State
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US-AF02
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FAQ
Real business cycle theory is the latest incarnation of the classical view of economic fluctuations. It assumes that there are large random fluctuations in the rate of technological change.
(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.
A red blood cell (RBC) count measures the number of red blood cells, also known as erythrocytes, in your blood. Red blood cells carry oxygen from your lungs to every cell in your body.
An admitted insurance company is backed by the state, which means: The insurance company (also called carrier or provider) must comply with the regulations set by your state's department of insurance (DOI) or insurance commissioners.
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.
Regulatory Action Level means the regulatory action level risk-based capital threshold, as defined by NAIC, or, in any state that has not adopted the NAIC definition, as defined by the applicable state Governmental Authority.
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