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Kansas Statutes Chapter 40. Insurance § 40-2d17. Mandatory control event; defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“Mandatory control event” means any of the following events:

(a) The filing of an RBC report by the health organization which indicates that the health organization's total adjusted capital is less than its mandatory control level RBC;

(b) the notification by the commissioner to the health organization of an adjusted RBC report that indicates the event described in subsection (a) if:

(1) The health organization does not challenge the adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or

(2) the commissioner has rejected such challenge.

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Cite this article: FindLaw.com - Kansas Statutes Chapter 40. Insurance § 40-2d17. Mandatory control event; defined - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-40-insurance/ks-st-sect-40-2d17/

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