{"data":{"id":"us-in/ic-27-1-36-32","jurisdiction":"us-in","citation":"IC 27-1-36-32","heading":"RBC plan; notice by commissioner; revised RBC plan","body":"Sec. 32. (a) Not more than sixty (60) days after an insurer submits an RBC plan under section 31 of this chapter, the commissioner shall notify the insurer of whether the RBC plan:\n(1) must be implemented; or\n(2) is unsatisfactory.\n(b) If the commissioner determines that an RBC plan is unsatisfactory, the notification to the insurer:\n(1) must state the reasons for the determination; and\n(2) may include revisions proposed by the commissioner that will render the RBC plan satisfactory.\n(c) Upon receiving a notification from the commissioner under subsection (b), the insurer shall prepare a revised RBC plan. The revised RBC plan may incorporate by reference any revisions proposed by the commissioner. The insurer shall submit the revised RBC plan to the commissioner:\n(1) not more than forty-five (45) days after the insurer receives the notification under subsection (a)(2); or\n(2) not more than forty-five (45) days after the insurer receives the notification from the commissioner that the commissioner has, after a hearing under section 44 of this chapter, rejected the insurer's challenge.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 36. Risk Based Capital Requirements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-36-32","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"25cdd3874a734904bc881919a35e294262b3e2d08321d7343bec63e6c46557a8","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-36-31","next":"us-in/ic-27-1-36-33"},"notice":"GroundRules: Original legal text. Not legal advice."}