Code of Virginia - Title 38.2 Insurance - Chapter 55 Risk-Based Capital Act

38.2-5500 Applicability
The provisions of this chapter shall be known as The Risk-Based Capital Act and may be referred to herein as "the Act." The Act shall ...

38.2-5501 Definitions
As used in this chapter, the following terms shall have the following meanings: "Adjusted RBC Report" means an RBC report which has been adjusted by ...

38.2-5502 RBC Reports
A. Every domestic licensee shall, on or prior to each March 1, the "filing date," prepare and submit to the Commission a report of its ...

38.2-5503 Company Action Level Event
A. "Company Action Level Event" means any of the following events: 1. The filing of an RBC Report by a licensee which indicates that: a. ...

38.2-5504 Regulatory Action Level Event
A. "Regulatory Action Level Event" means, with respect to any licensee, any of the following events: 1. The filing of an RBC Report by the ...

38.2-5505 Authorized Control Level Event
A. "Authorized Control Level Event" means any of the following events: 1. The filing of an RBC Report by the licensee which indicates that the ...

38.2-5506 Mandatory Control Level Event
A. "Mandatory Control Level Event" means any of the following events: 1. The filing of an RBC Report which indicates that the licensee's Total Adjusted ...

38.2-5507 Hearings
A. A licensee shall have the right to a confidential hearing, on a record before the Commission, at which the licensee may challenge any determination ...

38.2-5508 Confidentiality; prohibition on announcements; prohibition on use in ratemaking
A. All RBC Plans and RBC Reports, to the extent the information therein is not required to be set forth in a publicly available annual ...

38.2-5509 Supplemental provisions; rules; exemption
A. The provisions of this Act are supplemental to any other provisions of the laws of this Commonwealth, and shall not preclude or limit any ...

38.2-5510 Foreign licensees
A. Any foreign licensee shall, upon the written request of the Commission, submit to the Commission an RBC Report as of the end of the ...

38.2-5511 Immunity
There shall be no liability on the part of, and no cause of action shall arise against, the Commission, the Commissioner of Insurance, or any ...

38.2-5512 Severability clause
If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions ...

38.2-5513 Notices
All notices by the Commission to a licensee which may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered or ...

38.2-5514 Phase-in provision
For RBC Reports required to be filed by insurers with respect to 1994, the following requirements shall apply in lieu of the provisions of §§ ...

38.2-5515 Description unavailable
Expired. ...