Kan. Stat. § 40-2c17

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-2c17 - Mandatory control event; defined

"Mandatory control event" means any of the following events:

(a) The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC;
(b) notification by the commissioner to the insurer of an adjusted RBC report that indicates the event described in subsection (a) if:
(1) The insurer does not challenge the adjusted RBC report pursuant to K.S.A. 40-2c19; or
(2) the commissioner has rejected such challenge.

K.S.A. 40-2c17

L. 1994, ch. 138, § 17; July 1.