authorized control level RBC definition

authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

authorized control level RBC means the number determined

authorized control level RBC. ’ means the number determined under the risk-based capital formula in accordance with the RBC instruc- tions; and

Examples of authorized control level RBC in a sentence

• Regulatory compliance is determined by a ratio (the "Ratio") of the enterprise's regulatory total adjusted capital, as defined by the NAIC, to its authorized control level RBC, as defined by the NAIC.

• Company action level RBC is equal to 200% of the authorized control level RBC, which is the level at which regulatory action is taken.

• Regulatory compliance is determined by a ratio of a company's total adjusted capital (“TAC”) to its authorized control level RBC (“ACL RBC”).

• Company action level RBC" means the product of 2.0 and a health insuring corporation's authorized control level RBC.

• Regulatory compliance is determined by a ratio of the Corporation’s regulatory total adjusted capital, as defined by the NAIC, to its authorized control level RBC, as defined by the NAIC.

More Definitions of authorized control level RBC

authorized control level RBC means the number

authorized control level RBC means the number determined under the risk-based

authorized control level RBC means the product of four-tenths (.40) and the risk-based capital after covariance determined under the risk-based capital formula in accordance with the RBC instruction; and

authorized control level RBC means the amount of an insurer's authorized control level RBC calculated under the RBC formula in accordance with the RBC instructions.

authorized control level RBC means the number determined by the RBC formula in accordance with the RBC Instructions;

authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC report, including risk-based capital instructions adopted by the National Association of Insurance Commissioners and the director.

authorized control level RBC shall have the same meaning as the term "Authorized Control Level RBC" as defined in the NAIC Risk-Based Capital (RBC) for Life and/or Health Insurers Model Act, as such term may be amended by the NAIC from time to time.