Kansas Statutes 40-2c23. Foreign insurer RBC report, when
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Terms Used In Kansas Statutes 40-2c23
- 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
- Foreign insurer: means any insurance company or risk retention group not domiciled in this state that is licensed or registered to do business in this state pursuant to article 41 of chapter 40 of the Kansas Statutes Annotated, and amendments thereto, or Kan. See Kansas Statutes 40-2c01
- RBC: means risk-based capital. See Kansas Statutes 40-2c01
- RBC plan: means a comprehensive financial plan containing the elements specified in 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
Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC report as of the end of the calendar year just ended the later of:
(a) The date an RBC report would be required to be filed by a domestic insurer under this act; or
(b) fifteen days after the request is received by the foreign insurer.
Any foreign insurer, at the written request of the commissioner, shall submit promptly to the commissioner a copy of any RBC plan that is filed with the insurance commissioner of any other state.