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Current as of January 01, 2024 | Updated by Findlaw Staff
Risk-based capital level means an insurer's or a health organization's company action level risk-based capital, regulatory action level risk-based capital, authorized control level risk-based capital, or mandatory control level risk-based capital. For purposes of this section:
(1) Authorized control level risk-based capital means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions;
(2) Company action level risk-based capital means, with respect to any insurer or health organization, the product of 2.0 and its authorized control level risk-based capital;
(3) Mandatory control level risk-based capital means the product of 0.7 and the authorized control level risk-based capital; and
(4) Regulatory action level risk-based capital means the product of 1.5 and its authorized control level risk-based capital.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 44. Insurance § 44-6011. Risk-based capital level, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-44-insurance/ne-rev-st-sect-44-6011/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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