48.43.360 - Initial RBC reports -- Calculation of initial RBC levels -- Subsequent reports. - Washington Statutes

Initial RBC reports — Calculation of initial RBC levels — Subsequent reports.

For RBC reports to be filed by carriers commencing operations after June 11, 1998, those carriers shall calculate the initial RBC levels using financial projections, considering managed care arrangements, for its first full year in operation. Such projections, including the risk-based capital requirement, must be included as part of a comprehensive business plan that is submitted as part of the application for registration under RCW 48.44.040 and 48.46.030. The resulting RBC requirement shall be reported in the first RBC report submitted under RCW 48.43.305. For subsequent reports, the RBC results using actual financial data shall be included.

[1998 c 241 § 13.]