It is the public policy of the State that, in order to safeguard the solvency of the insurance business in the State:
(1) an insurer should maintain an amount of capital in excess of the minimum RBC levels derived from the risk based capital requirements contained in this subtitle and the attendant formulas, schedules, and instructions; and
(2) additional capital is used and useful in the insurance business and helps to secure an insurer against various risks inherent in, or affecting, the insurance business and not accounted for or only partially measured by the risk based capital requirements contained in this subtitle.
Structure Maryland Statutes
Title 4 - General Requirements for Insurers
Subtitle 3 - Risk Based Capital Standards for Insurers
Section 4-304 - Risk Based Capital Requirements
Section 4-305 - Company Action Level Event
Section 4-306 - Regulatory Action Level Event
Section 4-307 - Authorized Control Level Event
Section 4-308 - Mandatory Control Level Event
Section 4-309 - Challenges by Insurer
Section 4-310 - Confidentiality of Rbc Reports and Plans
Section 4-311 - Supplemental to Other Laws; Regulations; Exemptions