™Your Policy Risk Impact Agent
87 chapters · 1,498 sections in this title.
08 V.S.A. ch. 159, § 8301 Definitions
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§ 8301. Definitions As used in this chapter: (1) “Adjusted risk-based capital report” means a risk-based capital report that has been adjusted by the Commissioner in accordance with subsection 8302(e) of this title. (2) “Commissioner” means the Commissioner of Financial Regulatio…
08 V.S.A. ch. 159, § 8302 Risk-based capital report
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§ 8302. Risk-based capital report (a) Each domestic insurer shall annually prepare and submit to the Commissioner a report of its risk-based capital level for the calendar year just ended. The report shall be filed prior to March 1 each year and shall be in the form and contain s…
08 V.S.A. ch. 159, § 8303 Company action level event
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§ 8303. Company action level event (a) “Company action level event” means any of the following events: (1) The filing of a risk-based capital report by an insurer that indicates that: (A) the insurer’s total adjusted capital is greater than or equal to its regulatory action level…
08 V.S.A. ch. 159, § 8304 Regulatory action level event
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§ 8304. Regulatory action level event (a) The following are deemed to be regulatory action level events and subject to the requirements of this section: (1) A risk-based capital report or final adjusted risk-based capital report that indicates that the insurer’s total adjusted ca…