RBC Instructions, RBC Reports, Adjusted RBC Reports, RBC Plans, and Revised RBC Plans are intended only for use by the director in monitoring the solvency of licensees and in monitoring the need for corrective action. They must not be used for ratemaking, considered, or introduced as evidence in a ratemaking proceeding, or used to calculate or to derive an element of an appropriate premium level or rate of return for a line of insurance that a licensee, an affiliated licensee, or a subsidiary insurer underwrites.
S.C. Code Ann. § 38-9-400
Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans
1996 Act No. 254, SECTION 2; 2014 Act No. 164 (S.908), SECTION 11, eff January 1, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.