State Codes and Statutes

Statutes > Kansas > Chapter40 > Article2d > Statutes_17163

40-2d13

Chapter 40.--INSURANCE Article 2d.--HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

40-2d13. Corrective actions; submission of RBCplans, when.In determining corrective actions, the commissioner may takeinto account such factors as are deemed relevant with respect to the healthorganization based upon the commissioner's examination or analysis of theassets, liabilities and operations of the health organization, including, butnot limited to, the results of any sensitivity tests undertaken pursuant to theRBC instructions. The RBC plan or revised RBC plan shall be submitted:

(a) Within 45 days after the occurrence of the regulatory action level event;

(b) within 45 days after the notification to the health organization that thecommissioner has rejected the health organization's challenge to an adjustedRBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or

(c) within 45 days after notification to the health organization that thecommissionerhas rejected the health organization's challenge to a revised RBC plan pursuanttoK.S.A. 40-2d19, and amendments thereto.

History: L. 2000, ch. 147, § 14; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article2d > Statutes_17163

40-2d13

Chapter 40.--INSURANCE Article 2d.--HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

40-2d13. Corrective actions; submission of RBCplans, when.In determining corrective actions, the commissioner may takeinto account such factors as are deemed relevant with respect to the healthorganization based upon the commissioner's examination or analysis of theassets, liabilities and operations of the health organization, including, butnot limited to, the results of any sensitivity tests undertaken pursuant to theRBC instructions. The RBC plan or revised RBC plan shall be submitted:

(a) Within 45 days after the occurrence of the regulatory action level event;

(b) within 45 days after the notification to the health organization that thecommissioner has rejected the health organization's challenge to an adjustedRBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or

(c) within 45 days after notification to the health organization that thecommissionerhas rejected the health organization's challenge to a revised RBC plan pursuanttoK.S.A. 40-2d19, and amendments thereto.

History: L. 2000, ch. 147, § 14; July 1.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article2d > Statutes_17163

40-2d13

Chapter 40.--INSURANCE Article 2d.--HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

40-2d13. Corrective actions; submission of RBCplans, when.In determining corrective actions, the commissioner may takeinto account such factors as are deemed relevant with respect to the healthorganization based upon the commissioner's examination or analysis of theassets, liabilities and operations of the health organization, including, butnot limited to, the results of any sensitivity tests undertaken pursuant to theRBC instructions. The RBC plan or revised RBC plan shall be submitted:

(a) Within 45 days after the occurrence of the regulatory action level event;

(b) within 45 days after the notification to the health organization that thecommissioner has rejected the health organization's challenge to an adjustedRBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or

(c) within 45 days after notification to the health organization that thecommissionerhas rejected the health organization's challenge to a revised RBC plan pursuanttoK.S.A. 40-2d19, and amendments thereto.

History: L. 2000, ch. 147, § 14; July 1.