Indiana Code 27-1-36-4. “Authorized control level RBC”
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Terms Used In Indiana Code 27-1-36-4
- capital: means the aggregate amount paid in on the shares of capital stock of a corporation issued and outstanding. See Indiana Code 27-1-2-3
- insurer: includes :
Indiana Code 27-1-36-9.6
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
Sec. 4. As used in this chapter, the “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.
As added by P.L.186-1996, SEC.1. Amended by P.L.124-2018, SEC.56.