La. Admin. Code tit. 37 § XIII-127
Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-127 - Adequacy of SurplusA. The factors set forth in R.S. 22:691.7(D)are not intended to be an exhaustive list. In determining the adequacy and the reasonableness of an insurers surplus, no single factor is necessarily controlling. The commissioner will instead consider the net effect of all of these factors plus other factors bearing on the financial condition of the insurer. In comparing the surplus maintained by other insurers, the commissioner will consider the extent to which each of these factors varies from company to company, and in determining the quality and liquidity of investments in subsidiaries, the commissioner will consider the individual subsidiary and may discount or disallow its valuation to the extent that the individual investments so warrant. La. Admin. Code tit. 37, § XIII-127
Promulgated by the Department of Insurance, Commissioner of Insurance, LR 18:274 (March 1992), amended LR 19:501 (April 1993), Amended by the Office of the Commissioner, LR 411297 (7/1/2015).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:691.1-691.27.