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.
Source: 23 SDR 228, effective July 3, 1997.
General Authority: SDCL 58-4-48.
Law Implemented: SDCL 58-4-48.