<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="4-303" title_number="4" title_name="General Requirements for Insurers" subtitle_number="3" subtitle_name="Risk Based Capital Standards for Insurers">
  <level label="a">
    <level label="1">
      <level label="i">
        <text>On or before the filing date, each domestic insurer shall prepare and submit to the Commissioner a report of its RBC levels as of the end of the immediately preceding calendar year.</text>
      </level>
      <level label="ii">
        <text>The RBC report shall be in the form and shall contain the information required by the RBC instructions.</text>
      </level>
    </level>
    <level label="2">
      <text>In addition to the requirements of paragraph (1) of this subsection, each domestic insurer shall file its RBC report:</text>
      <level label="i">
        <text>with the NAIC in accordance with the RBC instructions; and</text>
      </level>
      <level label="ii">
        <text>on written request, with the insurance commissioner of any state in which the insurer is authorized to do business, on or before the later of:</text>
        <level label="1">
          <text>15 days after receipt of the written request to file its RBC report with that state; or</text>
        </level>
        <level label="2">
          <text>the filing date.</text>
        </level>
      </level>
    </level>
  </level>
  <level label="b">
    <text>If a domestic insurer files an RBC report that, in the judgment of the Commissioner, is inaccurate, the Commissioner shall:</text>
    <level label="1">
      <text>adjust the RBC report to correct the inaccuracy; and</text>
    </level>
    <level label="2">
      <text>notify the insurer of the adjustment, including a statement of the reason for the adjustment.</text>
    </level>
  </level>
</section>
