Indiana Code 27-1-36-12. “Mandatory control level RBC”
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 27-1-36-12
- authorized control level RBC: means , with respect to an insurer, the number determined under the risk-based capital formula in accordance with the RBC Instructions. See Indiana Code 27-1-36-4
- insurer: includes :
Indiana Code 27-1-36-9.6
Sec. 12. As used in this chapter, “mandatory control level RBC” means, with respect to an insurer, the product of seven-tenths (.7) multiplied by the insurer’s authorized control level RBC.
As added by P.L.186-1996, SEC.1.