Web(1) “Company Action Level RBC” means, with respect to any health organization, the product of 2.0 and its Authorized Control Level RBC; (2) “Regulatory Action Level RBC” means the … Web(2) “Regulatory Action Level RBC” means the product of 1.5 and its Authorized Control Level RBC; (3) “Authorized Control Level RBC” means the number determined under the risk-based capital formula in accordance with the RBC Instructions; (4) “Mandatory Control Level …
commercial level Definition Law Insider
WebJan 6, 2024 · Section 20.05 - Authorized Control Level Event (1) Authorized Control Level Event.Means any of the following events: (a) The filing of an RBC Report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its Mandatory Control Level RBC but less than its Authorized Control Level RBC; (b) The notification by … WebSep 6, 2024 · reported risk metric—“Authorized Control Level Risk-Based Capital Requirement (ACL RBC)”—uses a different methodology. Among other differences, this … post office tci
Authorized Control Level Definition Law Insider
WebJan 1, 2024 · (4) “ Mandatory Control Level RBC ” means the product of .70 and the Authorized Control Level RBC. (k) “ RBC Plan ” means a comprehensive financial plan containing the elements specified in subdivision (b) of Section 739.3 . WebThe RBC ratio for health insurance companies is calculated by dividing the surplus by a factor-based index called the authorized control level (ACL). ACL is calculated using information from an insurance company’s balance sheet and income statement that is input into a formula prescribed by the NAIC. WebAuthorized Control Level means an amount of risk-based capital that is equal to the "Authorized Control Level RBC" of Penn Life, as such term is defined in Section 221.1-A of … post office tax saving schemes