Ch. 339                                    1995 LAWS OF MARYLAND

(1) AN INSURER AUTHORIZED TO WRITE LIFE INSURANCE IN THE
STATE THAT IS ALSO AUTHORIZED TO WRITE HEALTH INSURANCE IN THE STATE;

(2) AN INSURER AUTHORIZED TO WRITE LIFE INSURANCE IN THE
STATE; OR

(3) A PROPERTY AND CASUALTY INSURER THAT WRITES ONLY
ACCIDENT AND HEALTH INSURANCE.

(H) "NAIC" MEANS THE NATIONAL ASSOCIATION OF INSURANCE
COMMISSIONERS.

(I) (1) "PROPERTY AND CASUALTY INSURER" MEANS AN INSURER
AUTHORIZED TO WRITE PROPERTY INSURANCE OR CASUALTY INSURANCE IN THE
STATE.

(2) "PROPERTY AND CASUALTY INSURER" DOES NOT INCLUDE
MONOLINE:

(I) MORTGAGE GUARANTY INSURERS;

(II)    FINANCIAL GUARANTY INSURERS; OR

(III)   TITLE INSURERS.

(J) "NEGATIVE TREND" MEANS, WITH RESPECT TO A LIFE INSURER OR
HEALTH INSURER, NEGATIVE TREND OVER A PERIOD OF TIME, AS DETERMINED IN
ACCORDANCE WITH THE "TREND TEST CALCULATION" INCLUDED IN THE RBC
INSTRUCTIONS.

(K) "RBC INSTRUCTIONS" MEANS THE RISK BASED CAPITAL INSTRUCTIONS
DEVELOPED AND ADOPTED BY THE NAIC.

(L) "RBC LEVEL" MEANS AN INSURER'S COMPANY' ACTION LEVEL RBC,
REGULATORY ACTION LEVEL RBC, AUTHORIZED CONTROL LEVEL RBC, OR
MANDATORY CONTROL LEVEL RBC IF:

(1) "COMPANY ACTION LEVEL RBC" MEANS THE PRODUCT OF 2.0 AND
THE AUTHORIZED CONTROL LEVEL RBC;

(2) "REGULATORY ACTION LEVEL RBC" MEANS THE PRODUCT OF 1.5
AND THE AUTHORIZED CONTROL LEVEL RBC;

(3) "AUTHORIZED CONTROL LEVEL RBC" MEANS THE NUMBER
DETERMINED UNDER THE RISK BASED CAPITAL FORMULA IN ACCORDANCE WITH
THE RBC INSTRUCTIONS; OR

(4) "MANDATORY CONTROL LEVEL RBC" MEANS THE PRODUCT OF .70
AND THE AUTHORIZED CONTROL LEVEL RBC.

(M) "RBC PLAN" MEANS A COMPREHENSIVE FINANCIAL PLAN THAT CONTAINS
THE ELEMENTS SPECIFIED IN § 4-305(B) OF THIS SUBTITLE.

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