Volume 793, Page 2309 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 339 (I) THE INSURER HAS TOTAL ADJUSTED CAPITAL THAT IS: 1. GREATER THAN OR EQUAL TO ITS REGULATORY ACTION 2. LESS THAN ITS COMPANY ACTION LEVEL RBC; OR (II) IN THE CASE OF A LIFE INSURER, THE LIFE INSURER HAS 1. IS GREATER THAN OR EQUAL TO ITS COMPANY ACTION 2. IS LESS THAN THE PRODUCT OF ITS AUTHORIZED 3. HAS A NEGATIVE TREND; (2) THE COMMISSIONER NOTIFIES AN INSURER OF AN ADJUSTED RBC (3) IF AN INSURER REQUESTS A HEARING TO CHALLENGE AN (B) IN THE EVENT OF A COMPANY ACTION LEVEL EVENT, THE INSURER (1) IDENTIFY THE CONDITIONS THAT CONTRIBUTE TO THE COMPANY (2) CONTAIN PROPOSALS OF CORRECTIVE ACTIONS THAT THE INSURER (3) PROVIDE PROJECTIONS OF THE INSURER'S FINANCIAL RESULTS IN (I) PROJECT FINANCIAL RESULTS: 1. IN THE ABSENCE OF PROPOSED CORRECTIVE ACTIONS; 2. THAT GIVE EFFECT TO THE PROPOSED CORRECTIVE (II) INCLUDE PROJECTIONS OF STATUTORY OPERATING INCOME, (III) FOR BOTH NEW AND RENEWAL BUSINESS, INCLUDE SEPARATE - 2309 -
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Volume 793, Page 2309 View pdf image |
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