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§ 221.5-A. Calculation of RBC Relating to Property or Casualty 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. § 221.5-A
§ 221.5-A. Calculation of RBC Relating to Property or Casualty Insurers
Currentness
(a) A property or casualty 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) Asset risk.
(2) Credit risk.
(3) Underwriting risk.
(4) All other business risks and other relevant risks as are set forth in the RBC instructions.

Credits

1921, May 17, P.L. 789, No. 285, § 505-A, added 1997, June 25, P.L. 349, No. 40, § 1, imd. effective.
40 P.S. § 221.5-A, PA ST 40 P.S. § 221.5-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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