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

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

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

  • Capital shortageDETAILED ANALYSISUnder the bill, if either of the following occurs, a domestic fraternal benefit society must present to the Superintendent of Insurance a plan to protect the interests of the society members not later than 45 days following the occurrence:▪ The society has an authorized control level RBC.

  • The filing of an RBC report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC.

  • The filing of an RBC report by the insurer that indicates that the insurer's total adjusted capital is greater than or equal to its authorized control level RBC but less than its regulatory action level RBC.


More Definitions of authorized control level RBC

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.
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authorized control level RBC means the number determined under the risk-based
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authorized control level RBC means the number
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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
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authorized control level RBC means the number determined by the RBC formula in accordance with the RBC Instructions;
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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.
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authorized control level RBC has the meaning specified in subsection J of Section 1 (or the relevant successor section, if any) of the Model Act.
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