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2016 Statute
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40-2d17. Mandatory control event; defined. "Mandatory control event" means any of the following events: (a) The filing of an RBC report by the health organization which indicates that the health organization's total adjusted capital is less than its mandatory control level RBC; (b) the notification by the commissioner to the health organization of an adjusted RBC report that indicates the event described in subsection (a) if: (1) The health organization does not challenge the adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or (2) the commissioner has rejected such challenge. |
History: L. 2000, ch. 147, § 18; July 1. |
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