California Insurance Code ARTICLE 4.1 - Risk-Based Capital for Insurers

• Section 739.
  As used in this article, these terms shall have the following meanings:(a) “Adjusted RBC Report” means a Risk-Based Capital (RBC) report that has been adjusted by...
• Section 739.2.
  (a) Every domestic insurer shall, on or prior to each March 15 (the “filing date”), prepare and submit to the commissioner a report of its RBC...
• Section 739.3.
  (a) “Company Action Level Event” means any of the following events:(1) The filing of an RBC Report by an insurer that indicates any of the following:(A) The insurer’s...
• Section 739.4.
  (a) “Regulatory Action Level Event” means, with respect to any insurer, any of the following events:(1) The filing of an RBC Report by the insurer that indicates...
• Section 739.5.
  (a) “Authorized Control Level Event” means any of the following events:(1) The filing of an RBC Report by the insurer that indicates that the insurer’s Total Adjusted...
• Section 739.6.
  (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...
• Section 739.7.
  Upon any of the events described in subdivision (a), (b), (c), or (d), the insurer shall have the right to a departmental hearing, on the...
• Section 739.8.
  (a) All RBC Reports, to the extent the information within those reports is not required to be set forth in a publicly available annual statement schedule,...
• Section 739.9.
  (a) The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other...
• Section 739.10.
  (a) Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC Report as of the end of the calendar...
• Section 739.11.
  If any provision of this article, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions...
• Section 739.12.
  (a) All notices by the commissioner to an insurer that may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered or...

Last modified: October 22, 2018