Company action level event means any of the following events:
Company action level event means with respect to any
Company action level event means one or more of the following events:
Examples of Company action level event in a sentence
Company action level event; preparation and submission of RBC plan or revised RBC plan; notification of unsatisfactory filing; copies of plans.
More Definitions of Company action level event
Company action level event means with respect to any insurer, any of the following events:
Company action level event means any [one or more] of the
Company action level event means with respect to any insurer, any of
Company action level event means a report, an adjusted report that
Company action level event means a "company-action-level-event" as such -------------------------- term is defined in Section 27-1-36-29 of the Indiana Code, or any successor statute, as the same may be amended, modified, recodified or reenacted, in whole or in part, including all rules and regulations promulgated thereunder.
Company action level event means any of the following events: 2724 (a) the filing of an RBC report by an insurer or health organization that indicates that: 2725 (i) the insurer's or health organization's total adjusted capital is greater than or equal to its 2726 regulatory action level RBC but less than its company action level RBC; or 2727 (ii) if a life or [disability] accident and health insurer, the insurer has: 2728 (A) total adjusted capital that is greater than or equal to its company action level RBC but 2729 less than the product of its authorized control level RBC and 2.5; and 2730 (B) a negative trend, determined in accordance with the "trend test calculation" included 2731 in the RBC instructions; 2732 (b) the notification by the commissioner to the insurer or health organization of an adjusted 2733 RBC report that indicates an event in Subsection (1)(a), provided the insurer or health organization 2734 does not challenge the adjusted RBC report under Section 31A-17-607; or 2735 (c) if, pursuant to Section 31A-17-607, an insurer or health organization challenges an 2736 adjusted RBC report that indicates the event in Subsection (1)(a), the notification by the 2737 commissioner to the insurer or health organization that after a hearing the commissioner rejects 2738 the insurer's or health organization's challenge. 2739 (2) (a) In the event of a company action level event, the insurer or health organization shall 2740 prepare and submit to the commissioner an RBC plan that shall: 2741 (i) identify the conditions that contribute to the company action level event; 2742 (ii) contain proposals of corrective actions that the insurer or health organization intends 2743 to take and that are expected to result in the elimination of the company action level event; 2744 (iii) provide projections of the insurer's or health organization's financial results in the 2745 current year and at least the four succeeding years, both in the absence of proposed corrective 2746 actions and giving effect to the proposed corrective actions, including projections of: 2747 (A) statutory operating income[,]; 2748 (B) net income[,]; 2749 (C) capital[, and]; 2750 (D) surplus; and 2751 (E) RBC levels; 2752 (iv) identify the key assumptions impacting the insurer's or health organization's 2753 projections and the sensitivity of the projections to the assumptions; and
Company action level event means the filing of a Mortgage Guaranty Insurance RBC Report by a mortgage guaranty insurance company whichindicates that the insurer’s total adjusted capital is greater than or equal to its Regulatory Action Level RBC but less than its Company Action Level RBC. A Company Action Level Event shall require the insurer to prepare and submit a Capital Plan to the Domiciliary Commissioner in accordance with the Capital Plan Submission and Review requirements in Section 7(D)(7) which shall: