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§ 221.4-A. Calculation of RBC Relating to Life or Health Insurers

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 1. Insurance Department (Refs & Annos)
Article V-a. Risk-Based Capital Requirements (Refs & Annos)
40 P.S. § 221.4-A
§ 221.4-A. Calculation of RBC Relating to Life or Health Insurers
Currentness
(a) A life or health insurer's RBC shall be determined in accordance with the formula set forth in the RBC instructions.
(b) The formula shall take into account and may adjust for the covariance between the following risks determined in each case by applying the factors in the manner set forth in the RBC instructions:
(1) The risk with respect to the insurer's assets.
(2) The risk of adverse insurance experience with respect to the insurer's liabilities and obligations.
(3) The interest rate risk with respect to the insurer's business.
(4) All other business risks and other relevant risks as set forth in the RBC instructions.

Credits

1921, May 17, P.L. 789, No. 285, § 504-A, added 1997, June 25, P.L. 349, No. 40, § 1, imd. effective.
40 P.S. § 221.4-A, PA ST 40 P.S. § 221.4-A
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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