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 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.
Examples of Risk-Based Capital in a sentence
Since January 1, 2021, Rural has not suffered a decrease in its Risk-Based Capital to a “Company action level event” (as defined in Wis.
Since January 1, 2021, neither Badger nor any Insurance Subsidiary has suffered a decrease in its Risk-Based Capital to a “Company action level event” (as defined in Wis.
More Definitions of Risk-Based Capital
Risk-Based Capital means, with respect to any insurance company, the ratio of Adjusted Capital of such insurance company to the Company Action Level of such insurance company (as determined by the NAIC or the applicable Reference Department). In the event that there is a conflict between the Risk-Based Capital formulas adopted by the NAIC and the applicable Reference Department, the calculation of the Reference Department shall govern.
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 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.
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 National Association of Insurance Commissioners Risk Based Capital Model Act as codified in the Ohio Insurance Code at Sections 3903.81 to 3903.93.