Kan. Stat. Ann. § 40-2c17
Mandatory control event; defined
Kansas · Kansas Statutes Annotated Chapter 40 — Insurance · Status: effective
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- Kan. Stat. Ann. § 40-2c17, Mandatory control event; defined, Kansas, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2554300
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Full text
"Mandatory control event" means any of the following events:
(a) The filing of an RBC report which indicates that the insurer's total adjusted capital is less than its mandatory control level RBC;
(b) notification by the commissioner to the insurer of an adjusted RBC report that indicates the event described in subsection (a) if:
(1) The insurer does not challenge the adjusted RBC report pursuant to K.S.A. 40-2c19; or
(2) the commissioner has rejected such challenge.