Document Type

Peach Sheet


The Act establishes variable risk-based capital levels for insurers and provides for the submission of reports of risk-based capital levels to the Commissioner of Insurance. The Act also authorizes the Commissioner of Insurance to take actions to ensure the solvency of insurers based upon information received in the reports. The Act also provides for personal and official immunity from civil suit for receivers for all action not involving willful misconduct arising out of their duties or employment.

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