Risk-Based Capital definition

Risk-Based Capital means the Company’s risk-based capital requirements determined by the ratio of the Company’s total adjusted capital to its authorized control level risk-based capital, as defined by the RBC Instructions adopted by the National Association of Insurance Commissioners.

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Risk-Based Capital means, with respect to each HMO Subsidiary, at any time, the Company Action Level Risk-Based Capital (as defined by the NAIC on the date of determination and as determined in accordance with SAP) of such HMO Subsidiary.

Risk-Based Capital means the “RBC level” defined under Ark. Code Ann. § 23-63-1501 (8); and

Examples of Risk-Based Capital in a sentence

• Risk-Based Capital or RBC – The approach to determine the minimum level of capital needed for protection from insolvency based on an organization’s size, structure, and retained risk.

• As used herein the terms “Total Adjusted Capital” and “Authorized Control Level Risk-Based Capital” have the meanings attributed thereto in the Risk-Based Capital (RBC) for Life and/or Health Insurers Model Act adopted by the NAIC in December 2000, as the same may be modified, supplemented or amended from time to time.

• With respect to the Consolidated Bank Subsidiaries, maintain a Total Risk-Based Capital Ratio as at the end of each Fiscal Quarter equal to or greater than 10.50%.

• The Employee hereby acknowledges that he has read this Agreement, understands its contents and agrees to its terms and conditions knowingly, voluntarily and of his own free will.

• With respect to the Borrower and its consolidated Subsidiaries, on a consolidated basis, maintain a Total Risk-Based Capital Ratio as at the end of each Fiscal Quarter equal to or greater than 10.75%.

More Definitions of Risk-Based Capital

Risk-Based Capital means for any Regulated Insurance Company, the ratio (expressed as a percentage), at any time, of the Total Adjusted Capital of such entity to the Authorized Control Level of such entity.

Risk-Based Capital means, with respect to the Insurance Subsidiaries at any time, the Company Action Level Risk-Based Capital (as defined by the NAIC at such time and as computed in accordance with SAP) of the Insurance Subsidiaries (determined and consolidated in accordance with SAP) at such time.

Risk-Based Capital means the method developed by the National Association of Insurance Commissioners to measure the minimum amount of capital that an insurance company needs to support its overall business operations. Risk Based Capital is used to set capital requirements considering the size and degree of risk taken by the insurer.

Risk-Based Capital means for a RIC, the ratio (expressed as a percentage), at any time, of the Total Adjusted Capital of such RIC to the Authorized Control Level of such RIC.

Risk-Based Capital means the minimum amount of capital required to support insurance business operations and to underwrite coverage.

Risk-Based Capital means the total of primary capital and secondary capital (up to 100 percent of primary capital).

Risk-Based Capital means, as of any date of determination, OMFLIC’s company action level risk-based capital as of such date, determined in accordance with the Risk-Based Capital Calculation Methodology.