Examples of RBC report in a sentence
Capital Adequacy (E) Task Force – P/C risk-based capital (RBC) report.
If the projected impact is likely to cause the amount of a domestic insurer’s total adjusted capital or its RBC report for the previous year to vary by more than 2.5% or to cause a domestic insurer’s control level to change upon application of the later version of the risk-based capital instructions, then such later version shall not be adopted in rules and regulations until such later version is approved by legislative action.
Existing law defines the term “Adjusted RBC Report” as a Risk-Based Capital (RBC) report that has been adjusted by the Insurance Commissioner in accordance with specified provisions governing the determination of a property and casualty insurer’s RBC.
Preparation and submission of RBC report; formulas; desirability of excess capital; adjustment of inaccurate RBC report.
As used in sections 1753.31 to 1753.43 of the Revised Code:(A) "Adjusted RBC report" means an RBC report that has been adjusted by the superintendent of insurance in accordance with division (C) of section 1753.32 of the Revised Code.(B) "Authorized control level RBC" means the number determined under the risk-based capital formula in accordance with the RBC instructions.