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

• An insurer's Company Action Level RBC, Regulatory Action Level RBC, Authorized Control Level RBC, or Mandatory Control Level RBC where:20.01: continued Company Action Level RBC.

• With respect to any Insurance Subsidiary and as at any date of determination, the ratio of (a) Total Adjusted Capital for such Insurance Subsidiary as of such date, to (b) the Authorized Control Level RBC for such Insurance Subsidiary as of such date, in each case as such terms are defined by the NAIC Risk-Based Capital (RBC) for Insurers Model Act.

• Each of the parties hereto shall provide the other party with a calculation of the party's Total Adjusted Capital and Authorized Control Level RBC as of the end of each calendar quarter within thirty (30) calendar days of the end of such quarter.

• The product of 1.5 and its Authorized Control Level RBC; Authorized Control Level RBC.

• The Company’s RBC Level shall not be less than its Authorized Control Level RBC as of the Closing Date based on information reflected on the Estimated Balance Sheet.

More Definitions of authorized control level RBC

authorized control level RBC means the number

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 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 number determined by the RBC formula in accordance with the RBC Instructions; and

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 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.