California Insurance Code

§ 739.6

INS § 739.6 Effective Jan 1, 2007Div. 1 · Part 2 · Ch. 1 · Art. 4.1

Statute text

(a)“Mandatory Control Level Event” means any of the following events:

(1)The filing of an RBC Report that indicates that the insurer’s Total Adjusted Capital is less than its Mandatory Control Level RBC.

(2)Notification by the commissioner to the insurer of an Adjusted RBC Report that indicates the event in paragraph (1), provided the insurer does not challenge the Adjusted RBC Report under Section 739.7.

…

Legislative history

Amended by Stats. 2006, Ch. 740, Sec. 3.6. Effective January 1, 2007.