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2017 Kansas Statutes
Chapter 40 INSURANCE
Article 2c RISK-BASED CAPITAL REQUIREMENTS
40-2c12 Regulatory action level event; commissioner's duties.
Universal Citation: KS Stat § 40-2c12 (2017)
40-2c12. Regulatory action level event; commissioner's duties. In the event of a regulatory action level event, the commissioner shall:
(a) Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;
(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer 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.
History: L. 1994, ch. 138, § 12; July 1.
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