2011 Kansas Code
Chapter 40. - INSURANCE
Article 2d. - HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS
40-2d05 Risk-based capital; company action level event; defined.
40-2d05. Risk-based capital; company action level event; defined. "Company action level event" means any of the following events:
(a) The filing of an RBC report by a health organization which indicates that a health organization's total adjusted capital is greater than or equal to its regulatory action level RBC but less than its company action level RBC.
(b) The notification by the commissioner to the health organization of an adjusted RBC report that indicates the event described in subsection (a) if:
(1) The health organization does not challenge the adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or
(2) the commissioner has rejected such challenge after a hearing.
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