California Insurance Code

§ 739.5

INS § 739.5 Effective Jan 1, 2007Div. 1 · Part 2 · Ch. 1 · Art. 4.1

Statute text

(a)“Authorized Control Level Event” means 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 Mandatory Control Level RBC but less than its Authorized Control Level RBC.

(2)The notification by the commissioner to the 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

Amended by Stats. 2006, Ch. 740, Sec. 3.5. Effective January 1, 2007.