§ 27-1-36-1 Exemption from applicability of chapter
§ 27-1-36-2 “Adjusted RBC report”
§ 27-1-36-3 “Authorized control level event”
§ 27-1-36-4 “Authorized control level RBC”
§ 27-1-36-5 “Company action level event”
§ 27-1-36-6 “Company action level RBC”
§ 27-1-36-7 “Corrective order”
§ 27-1-36-8 “Domestic insurer”
§ 27-1-36-9 “Foreign insurer”
§ 27-1-36-9.2 “Fraternal benefit society”
§ 27-1-36-9.3 “Health insurer”
§ 27-1-36-9.4 “Health maintenance organization”
§ 27-1-36-9.6 “Insurer”
§ 27-1-36-9.8 “Limited service health maintenance organization”
§ 27-1-36-10 “Life insurer”
§ 27-1-36-11 “Mandatory control level event”
§ 27-1-36-12 “Mandatory control level RBC”
§ 27-1-36-13 “NAIC”
§ 27-1-36-14 “Negative trend”
§ 27-1-36-15 “Property and casualty insurer”
§ 27-1-36-16 “RBC”
§ 27-1-36-18 “RBC level”
§ 27-1-36-19 “RBC plan”
§ 27-1-36-20 “RBC report”
§ 27-1-36-21 “Regulatory action level event”
§ 27-1-36-22 “Regulatory action level RBC”
§ 27-1-36-23 “Revised RBC plan”
§ 27-1-36-24 “Total adjusted capital”
§ 27-1-36-25 RBC report; requirements; filing
§ 27-1-36-26 Life insurer’s and fraternal benefit society’s RBC; formula
§ 27-1-36-26.1 Health insurer’s RBC; formula
§ 27-1-36-27 Property and casualty insurer’s RBC; formula
§ 27-1-36-28 Inaccuracy of RBC report filed by domestic insurer
§ 27-1-36-29 “Company action level event”
§ 27-1-36-30 Preparation and submission of RBC plan after company action level event
§ 27-1-36-31 Timing for submission of RBC plan after company action level event
§ 27-1-36-32 RBC plan; notice by commissioner; revised RBC plan
§ 27-1-36-33 Notification by commissioner as regulatory action level event
§ 27-1-36-34 Filing RBC plan with commissioner of state other than Indiana
§ 27-1-36-35 “Regulatory action level event”
§ 27-1-36-36 Action by commissioner after regulatory action level event
§ 27-1-36-37 Timing for submission of RBC plan or revised RBC plan after regulatory action level event
§ 27-1-36-38 Consultants to commissioner
§ 27-1-36-39 “Authorized control level event”
§ 27-1-36-40 Action by commissioner after authorized control level event
§ 27-1-36-41 “Mandatory control level event”
§ 27-1-36-42 Action by commissioner after mandatory control level event with respect to life or health insurer or fraternal benefit society
§ 27-1-36-42.1 Action by commissioner after mandatory control level event with respect to health maintenance organization or limited service health maintenance organization
§ 27-1-36-43 Action by commissioner after mandatory control level event with respect to property and casualty insurer
§ 27-1-36-44 Confidential department hearing
§ 27-1-36-45 Confidential information
§ 27-1-36-46 Comparison of insurer’s total adjusted capital to RBC levels
§ 27-1-36-47 Use of documents referred to in chapter
§ 27-1-36-48 Chapter supplements other Indiana law
§ 27-1-36-49 Submission of RBC report by foreign insurer
§ 27-1-36-50 Filing of RBC plan by foreign insurer
§ 27-1-36-51 Liquidation of property of foreign insurer
§ 27-1-36-52 Effective notice
§ 27-1-36-53 Immunity from liability
§ 27-1-36-54 Severability of chapter provisions
§ 27-1-36-55 Rules
§ 27-1-36-56 Excess capital
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Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 36 - Risk Based Capital Requirements

  • adjusted RBC report: means an RBC report that has been adjusted by the commissioner under section 28 of this chapter. See Indiana Code 27-1-36-2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • authorized control level event: has the meaning set forth in section 39 of this chapter. See Indiana Code 27-1-36-3
  • 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
  • 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
  • certificate of authority: means an instrument in writing issued by the department to an insurer, which sets out the authority of such insurer to engage in the business of insurance or activities connected therewith. See Indiana Code 27-1-2-3
  • Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
  • company action level event: has the meaning set forth in section 29 of this chapter. See Indiana Code 27-1-36-5
  • company action level RBC: means , with respect to an insurer, the product of two (2) multiplied by the insurer's authorized control level RBC. See Indiana Code 27-1-36-6
  • corrective order: means an order issued by the commissioner that specifies the corrective actions that the commissioner determines are required. See Indiana Code 27-1-36-7
  • Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
  • 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:

    Indiana Code 27-1-36-8

  • 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 insurer: means the following:

    Indiana Code 27-1-36-9

  • fraternal benefit society: refers to a society (as defined in IC 27-11-1-11) that holds a certificate of authority issued under IC 27-11-4 or IC 27-11-8-5. See Indiana Code 27-1-36-9.2
  • health insurer: means the following:

    Indiana Code 27-1-36-9.3

  • health maintenance organization: has the meaning set forth in IC 27-13-1-19. See Indiana Code 27-1-36-9.4
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
  • insurer: includes :

    Indiana Code 27-1-36-9.6

  • 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.
  • life insurer: means an insurer that makes one (1) or more of the types of insurance described in Class 1 of IC 27-1-5-1. See Indiana Code 27-1-36-10
  • limited service health maintenance organization: has the meaning set forth in IC 27-13-34-4. See Indiana Code 27-1-36-9.8
  • mandatory control level event: has the meaning set forth in section 41 of this chapter. See Indiana Code 27-1-36-11
  • mandatory control level RBC: means , with respect to an insurer, the product of seven-tenths (. See Indiana Code 27-1-36-12
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • NAIC: refers to the National Association of Insurance Commissioners. See Indiana Code 27-1-36-13
  • negative trend: means , with respect to an insurer, a negative trend over a period of time, as determined in accordance with the trend test calculation included in the RBC instructions. See Indiana Code 27-1-36-14
  • person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
  • premium: means money or any other thing of value paid or given in consideration to an insurer, insurance producer, or solicitor on account of or in connection with a contract of insurance and shall include as a part but not in limitation of the above, policy fees, admission fees, membership fees and regular or special assessments and payments made on account of annuities. See Indiana Code 27-1-2-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • property and casualty insurer: means an insurer that is authorized to make one (1) or more of the types of insurance described in Class 2 and Class 3 of IC 27-1-5-1. See Indiana Code 27-1-36-15
  • RBC: refers to risk based capital. See Indiana Code 27-1-36-16
  • RBC level: means an insurer's:

    Indiana Code 27-1-36-18

  • RBC plan: means a comprehensive financial plan containing the elements specified in section 30 of this chapter. See Indiana Code 27-1-36-19
  • RBC report: means the report required by section 25 of this chapter. See Indiana Code 27-1-36-20
  • regulatory action level event: has the meaning set forth in section 35 of this chapter. See Indiana Code 27-1-36-21
  • regulatory action level RBC: means , with respect to an insurer, the product of one and five-tenths (1. See Indiana Code 27-1-36-22
  • revised RBC plan: means the revised RBC plan that an insurer must prepare, with or without the commissioner's recommendation, if the commissioner rejects the insurer's previous RBC plan. See Indiana Code 27-1-36-23
  • 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:

    Indiana Code 27-1-36-24

  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5