RBC level definition
RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:
RBC level means an insurer's Company Action Level RBC,
RBC level means a licensee's Company Action Level RBC, Regulatory Action Level RBC,
Examples of RBC level in a sentence
BCNEPA shall have delivered to Highmark a certificate signed by the chief financial officer of BCNEPA, dated the Closing Date, setting forth, in reasonable detail BCNEPA’s RBC level as of the end of the month immediately prior to the most recently completed calendar month prior to the Closing Date.
More Definitions of RBC level
RBC level means an insurer's company action level RBC, regulatory
RBC level means an insurer’s Company Action Level RBC,
RBC level means a health organization’s Company Action Level RBC, Regulatory Action Level RBC, Authorized Control Level RBC, or Mandatory Control Level RBC.
RBC level means the level of risk based capital as determined from time to time in accordance with the most restrictive, as of the date of determination, of the following: (1) state insurance law applicable to the Member; (2) the policies and procedures of the state insurance department having regulatory authority over the Member, whether or not having the force or effect of Law; and (3) the policies and procedures of the NAIC, whether or not having the force or effect of Law. which level, in the case of any of (1), (2) or (3), requires a response by the Member or the State insurance department having regulatory authority over the Member. The RBC Levels may include without limitation, the following levels as currently defined under the policies and procedures of the NAIC: Company Action Level, Regulatory Action Level, Authorized Control Level and Mandatory Control Level as said terms are determined by the NAIC.
RBC level means an MCE’s Company Action Level RBC, Regulatory Action Level RBC, Authorized
RBC level means the level of Risk-Based Capital as determined from time to time in accordance with the most restrictive, as of the date of determination, of the following: (1) state insurance law applicable to the Member; (2) the policies and procedures of the state insurance department having regulatory authority over the Member, whether or not having the force or effect of Law; and (3) the policies and procedures of the NAIC, whether or not having the force or effect of Law. which level, in the case of any of (1), (2) or (3), requires a response by the Member or the state insurance department having regulatory authority over the Member. The RBC Levels may include without limitation, the following levels as currently defined under the policies and procedures of the NAIC: Company Action Level, Regulatory Action Level, Authorized Control Level and Mandatory Control Level as said terms are determined by the NAIC. 282906 Form No. 300-010 (4-17-12) (ff) “RBC Plan” means each comprehensive financial plan, including all amendments and modifications thereto, filed by the Member with the state insurance department having regulatory authority over the Member at such time as the Member's RBC Level is at the Company Action Level, as such term is currently defined under the policies and procedures of the NAIC, or RBC Level of similar import, which RBC Plan, without limitation, explains the facts contributing to the Member's condition and identifies corrective action to be taken by the Member.
RBC level means an insurer's company action level RBC, 61