§ 56-46-101 Short title
§ 56-46-102 Part definitions
§ 56-46-103 RBC Report – Calculation of RBC Levels
§ 56-46-104 Company Action Level Events
§ 56-46-105 Regulatory Action Level Events
§ 56-46-106 Authorized Control Level Events
§ 56-46-107 Mandatory Control Level Events
§ 56-46-108 Hearings
§ 56-46-109 Confidentiality of reports – Disclosure in advertising, etc. prohibited – Reports not to be used for ratemaking
§ 56-46-110 Construction with other laws – Rules – Exemptions
§ 56-46-111 Foreign insurers
§ 56-46-112 Immunity of commissioner and department
§ 56-46-113 When notices by commissioner which may result in regulatory action become effective
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Terms Used In Tennessee Code > Title 56 > Chapter 46 > Part 1 - Risk-Based Capital for Insurers Act

  • Adjusted RBC Report: means an RBC report that has been adjusted by the commissioner in accordance with §. See Tennessee Code 56-46-102
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-1-102
  • Company Action Level RBC: means , with respect to any insurer, the product of 2. See Tennessee Code 56-46-102
  • Corrective order: means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required. See Tennessee Code 56-46-102
  • Department: means the department of commerce and insurance. See Tennessee Code 56-1-102
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Domestic insurer: means any insurance company domiciled in Tennessee. See Tennessee Code 56-46-102
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreign: when used without limitation, includes all companies formed by authority of any other state or government. See Tennessee Code 56-1-102
  • Foreign insurer: means any insurance company that is licensed to do business in Tennessee under this title but is not domiciled in Tennessee. See Tennessee Code 56-46-102
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mandatory Control Level RBC: means the product of 0. See Tennessee Code 56-46-102
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • NAIC: means the National Association of Insurance Commissioners. See Tennessee Code 56-46-102
  • Negative trend: means , with respect to a life and/or health insurer, negative trend over a period of time, as determined in accordance with the "Trend Test Calculation" included in the RBC Instructions. See Tennessee Code 56-46-102
  • Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds-type organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Tennessee Code 56-16-102
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Property and casualty insurer: means any insurance company licensed in those lines in Tennessee, but does not include monoline mortgage guaranty insurers, financial guaranty insurers and title insurers. See Tennessee Code 56-46-102
  • RBC Instructions: means the RBC Report including risk-based capital instructions adopted by the NAIC, as the RBC Instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC. See Tennessee Code 56-46-102
  • RBC Plan: means a comprehensive financial plan containing the elements specified in §. See Tennessee Code 56-46-102
  • RBC Report: means the report required in §. See Tennessee Code 56-46-102
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
  • Regulatory Action Level RBC: means the product of 1. See Tennessee Code 56-46-102
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Total adjusted capital: means the sum of:
    (A) An insurer's statutory capital and surplus as determined in accordance with the statutory accounting applicable to the annual financial statements required to be filed pursuant to §. See Tennessee Code 56-46-102
  • Trend Test Calculation: include d in the RBC Instructions. See Tennessee Code 56-46-102
  • written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105