Kansas Statutes 40-2d12. Same; commissioner’s duties in regulatory action level event
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In the event of a regulatory action level event, the commissioner shall:
(a) Require the health organization to prepare and submit an RBC plan or, if applicable, a revised RBC plan;
Terms Used In Kansas Statutes 40-2d12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the health organization including a review of its RBC plan or revised RBC plan; and
(c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.