20:06:36:02RBC levels defined.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
- Medicare Supplement coverage and insurance governance updatesEffective
- Insurance rules updating source referencesEffective
- Insurance rules updates and Medicare coverage amountsEffective
- Insurance rules update for Medicare coverageEffective
- Insurance division administrative updatesEffective
- Insurance reporting and health plan requirements updatesEffective
- Insurance administrative rules updatesEffective
RBC levels are defined as follows: (1) Company action level RBC is the product of 2.0 and its authorized control level RBC; (2) Regulatory action level RBC is the product of 1.5 and its authorized control level RBC; (3) Authorized control level RBC is the number determined under the risk-based capital formula in accordance with the RBC instructions; (4) Mandatory control level RBC is the product of .70 and the authorized control level RBC.
Source: 23 SDR 228, effective July 3, 1997.