40-2d14. Review of RBC plans; expenses. - Kansas Statutes

40-2d14

Chapter 40.--INSURANCE Article 2d.--HEALTH ORGANIZATION RISK-BASED CAPITAL REQUIREMENTS

      40-2d14.   Review of RBC plans; expenses.The commissioner may retain actuaries and investment expertsand other consultants as may be necessary in the judgment of the commissionerto review the health organization's RBC plan or revised RBC plan, examine oranalyze theassets, liabilities and operations of the health organization and formulate thecorrective order with respect to the health organization. The reasonable fees,costs and expenses relating to consultants shall be borne by the affectedhealth organization or other party as directed by the commissioner.

      History:   L. 2000, ch. 147, § 15; July 1.