Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1501. Definitions

(1) “Adjusted RBC report” means an RBC report that has been adjusted by the Insurance Commissioner in accordance with § 23-63-1502(d);

(2) “Corrective order” means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required;

(3) “Domestic health organization” means:

(4) “Foreign health organization” means a health organization licensed to do business in this state but is not domiciled in this state;

(6) “NAIC” means the National Association of Insurance Commissioners;

(7) “RBC instructions” means the RBC report, including risk-based capital instructions adopted by the NAIC, as these RBC instructions may be amended by the NAIC according to the procedures adopted by the NAIC;

(8) “RBC level” means a health organization's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC when:

(9) “RBC plan” means a comprehensive financial plan containing the elements specified in § 23-63-1503(b). If the commissioner rejects the RBC plan and it is revised by the health organization with or without the commissioner's recommendation, the plan shall be called the “revised RBC plan”;

(10) “RBC report” means the report required in § 23-63-1502; and

(11) “Total adjusted capital” means the sum of: