California Insurance Code

§ 739.4

INS § 739.4 Effective Jan 1, 1997Div. 1 · Part 2 · Ch. 1 · Art. 4.1

Statute text

(a)“Regulatory Action Level Event” means, with respect to any insurer, any of the following events:

(1)The filing of an RBC Report by the insurer that indicates that the insurer’s Total Adjusted Capital is greater than or equal to its Authorized Control Level RBC but less than its Regulatory Action Level RBC.

(2)The notification by the commissioner to an insurer of an Adjusted RBC Report that indicates the event in paragraph (1), provided the insurer does not challenge the Adjusted RBC Report under Section 739.7.

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Legislative history

Added by Stats. 1996, Ch. 708, Sec. 1. Effective January 1, 1997.