2013 Idaho Statutes
Title 41 - INSURANCE
Chapter 54 - RISK-BASED CAPITAL (RBC) FOR INSURERS ACT
Section 41-5401 - DEFINITIONS.

(1) "Adjusted RBC report" means an RBC report which has been adjusted by the director in accordance with section 41-5402(5), Idaho Code.

(2) "Corrective order" means an order issued by the director specifying corrective actions which the director has determined are required.

(3) "Domestic insurer" means any insurance company domiciled in this state.

(4) "Foreign insurer" means any insurance company which is licensed to do business in this state under section 41-322, Idaho Code, but is not domiciled in this state.

(5) "Life and/or health insurer" means any insurance company licensed under chapter 3, title 41, Idaho Code, to transact life, accident and/or health insurance, or a licensed property and casualty insurer writing only accident and health insurance, but shall not include fraternal benefit societies, health service organizations, dental service organizations, health maintenance organizations, dental plan organizations or mutual benefit associations.

(6) "NAIC" means the national association of insurance commissioners.

(7) "Negative trend" means, with respect to a life and/or health insurer, a negative trend over a period of time, as determined in accordance with the "Trend Test Calculation" included in the RBC instructions.

(8) "Property and casualty insurer" means any insurance company licensed under chapter 3, title 41, Idaho Code, to transact property and casualty insurance, but shall not include monoline mortgage guaranty insurers, financial guaranty insurers, title insurers, farm and county mutuals, health service organizations, dental service organizations, health maintenance organizations, dental plan organizations or domestic reciprocal insurers with fewer than seven (7) subscribers which insure only worker's compensation risk and which only issue fully assessable policies.

(9) "RBC" means risk-based capital.

(10) "RBC instructions" means the RBC report, including risk-based capital instructions adopted by the NAIC, as such RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.

(11) "RBC level" means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

(12) "RBC plan" means a comprehensive financial plan containing the elements specified in section 41-5403(2), Idaho Code. If the director rejects the RBC plan, and it is revised by the insurer, with or without the director's recommendation, the plan shall be called the "revised RBC plan."

(13) "RBC report" means the report required in section 41-5402, Idaho Code.

(14) "Total adjusted capital" means the sum of: