ARSD 20:06:36:02

ARSD 20:06:36:02. RBC levels defined

Last amended: 1997Year: 2026Length: 74 wordsOfficial source

Cite as S.D. Admin. R. 20:06:36:02

RBC levels are defined as follows: (1) Company action level RBC is the product of 2.0 and its authorized control level RBC; (2) Regulatory action level RBC is the product of 1.5 and its authorized control level RBC; (3) Authorized control level RBC is the number determined under the risk-based capital formula in accordance with the RBC instructions; (4) Mandatory control level RBC is the product of .70 and the authorized control level RBC.
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