Kan. Stat. § 40-2c12

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-2c12 - Same; commissioner's duties in regulatory action level event

In the event of a regulatory action level event, the commissioner shall:

(a) Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;
(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer including a review of its RBC plan or revised RBC plan; and
(c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.

K.S.A. 40-2c12

L. 1994, ch. 138, § 12; July 1.