{
  "urn": "urn:us-la:rs:22:611",
  "title_number": "22",
  "section_number": "611",
  "citation": "R.S. 22:611",
  "heading": "Definitions",
  "text": "As used in this Subpart, the following terms shall have the following meanings:\n\n(1) \"Adjusted risk-based report\" means a risk-based capital report which has been adjusted by the department in accordance with R.S. 22:612(C).\n\n(2) \"Corrective order\" means an order issued by the department specifying corrective actions which are required.\n\n(3) \"Life or health and accident insurer\" means any insurance company possessing a certificate of authority in the state that issues the kind of insurance listed in R.S. 22:47(1) or (2) or a property and casualty insurer possessing a certificate of authority in the state that issues only health and accident insurance as specified in R.S. 22:47(2).\n\n(4) \"NAIC\" means the National Association of Insurance Commissioners.\n\n(5) \"Negative trend\" shall have that meaning, with respect to a life and/or health insurer, as determined in accordance with the trend test calculation included in the risk-based capital instructions.\n\n(6) \"Property and casualty insurer\" means any insurance company possessing a certificate of authority in the state that issues insurance other than the kinds specified in R.S. 22:47(1), (2), and (9).\n\n(7) \"Risk-based capital instructions\" means the risk-based capital report including risk-based capital instructions adopted by the NAIC, as such risk-based capital instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.\n\n(8) \"Risk-based capital level\" means an action level risk-based capital, regulatory action level risk-based capital, authorized control level risk-based capital, or mandatory control level risk-based capital of an insurer where:\n\n(a) \"Authorized-control level risk-based capital\" means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions.\n\n(b) \"Company-action level risk-based capital\" means two hundred percent of a company's authorized control level risk-based capital.\n\n(c) \"Mandatory-control level risk-based capital\" means seven-tenths of a company's authorized control level risk-based capital.\n\n(d) \"Regulatory-action level risk-based capital\" means one hundred fifty percent of a company's authorized control level risk-based capital.\n\n(9) \"Risk-based capital plan\" means a comprehensive financial plan containing the requirements of R.S. 22:613(B). If the department rejects a risk-based capital plan, and it is revised by the insurer, with or without the recommendation of the department, the plan shall be designated a revised risk-based capital plan.\n\n(10) \"Risk-based capital report\" means the report required pursuant to R.S. 22:612.\n\n(11) \"Total adjusted capital\" means the sum of:\n\n(a) An insurer's statutory capital and surplus.\n\n(b) Such other items, if any, as required by Paragraph (7) of this Section.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "22",
      "name": "INSURANCE CODE"
    },
    {
      "level": "chapter",
      "number": "2",
      "name": "REQUIREMENTS FOR INSURERS AND OTHER RISK BEARING ENTITIES"
    },
    {
      "level": "part",
      "number": "III",
      "name": "FINANCIAL SOLVENCY AND REPORTING REQUIREMENTS"
    },
    {
      "level": "subpart",
      "number": "C",
      "name": "RISK-BASED CAPITAL FOR DOMESTIC INSURERS"
    }
  ],
  "breadcrumb": "Title 22 › Chapter 2 › Part III › Subpart C",
  "acts_citations": [
    {
      "act_year": 1995,
      "act_number": 1203,
      "section": 1,
      "effective_date": "1995-06-29",
      "effective_date_raw": "June 29, 1995",
      "role": "enactment"
    },
    {
      "act_year": 2009,
      "act_number": 503,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    },
    {
      "act_year": 2012,
      "act_number": 359,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1995, No. 1203, §1, eff. June 29, 1995; Redesignated from R.S. 22:860 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1; Acts 2012, No. 359, §1. NOTE: Former R.S. 22:611 redesignated as R.S. 22:851 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=507251",
  "website_law_id": 507251,
  "scrape_timestamp": "2026-05-22T22:11:39Z",
  "source_html_hash": "sha256:8738eeff9ce18480b2e893101bc51530ef41953ec0e305c0bace27787a650a6a",
  "schema_version": "1.0.0"
}