Kansas Statutes 40-2c02. Risk-based capital report
Every domestic insurer, concurrent with or prior to submission of the annual statement required by Kan. Stat. Ann. § 40-225, and amendments thereto, shall prepare and submit to the commissioner a report of its RBC levels as of the end of the calendar year just ended in a form and containing such information as is required by the RBC instructions. In addition, every domestic insurer shall file its RBC report:
(a) With the NAIC in accordance with the RBC instructions; and
Terms Used In Kansas Statutes 40-2c02
- Commissioner: means the commissioner of insurance. See Kansas Statutes 40-2c01
- Domestic insurer: means any insurance company or risk retention group that is licensed and organized in this state. See Kansas Statutes 40-2c01
- NAIC: means the national association of insurance commissioners. See Kansas Statutes 40-2c01
- RBC: means risk-based capital. See Kansas Statutes 40-2c01
- RBC instructions: means the risk-based capital instructions promulgated by the NAIC that are in effect on December 31, 2022, or any later version promulgated by the NAIC as may be adopted by the commissioner under Kan. See Kansas Statutes 40-2c01
- RBC report: means the report required by Kan. See Kansas Statutes 40-2c01
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(b) with the insurance commissioner in any state in which the insurer is authorized to do business, if such insurance commissioner has notified the insurer of its request in writing, in which case the insurer shall file its RBC report not later than the later of:
(1) Fifteen days from the receipt of notice to file its RBC report with that state; or
(2) the filing date otherwise specified in this subsection.