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
For purposes of this Paragraph 1(b), "total adjusted capital", "company action level RBC" and "authorized control level RBC" shall be as defined in the Risk-Based Capital (RBC) for Insurers Model Act adopted by the National Association of Insurance Commissioners.
Generally, a Ratio in excess of 200% of authorized control level RBC requires no corrective actions on behalf of the Company or regulators.
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.
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 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.