{"data":{"id":"us-mn/minn.-stat.-64b.41","jurisdiction":"us-mn","citation":"Minn. Stat. § 64B.41","heading":"RISK-BASED CAPITAL REPORTS.","body":"Subdivision 1. General requirements.\nEvery society shall, on or before each March 1, prepare and submit to the commissioner a report of its risk-based capital levels as of the end of the calendar year just ended, in a form and containing the information required by the risk-based capital instructions. In addition, every society shall file its risk-based capital report with the NAIC according to the risk-based capital instructions.\nSubd. 2. Specific requirements.\nA society's risk-based capital must be determined according to the formula set forth in the risk-based capital instructions. The formula must take into account, and may adjust for the covariance between:\n(1) the risk with respect to the society's assets;\n(2) the risk of adverse insurance experience with respect to the society's liabilities and obligations;\n(3) the interest rate risk with respect to the society's business; and\n(4) all other business risks and other relevant risks set forth in the risk-based capital instructions;\ndetermined in each case by applying the factors in the manner set forth in the risk-based capital instructions.\nSubd. 3. Adjusted risk-based capital report.\nIf a society files a risk-based capital report that in the judgment of the commissioner is inaccurate, then the commissioner shall adjust the risk-based capital report to correct the inaccuracy and shall notify the society of the adjustment. The notice must contain a statement of the reason for the adjustment. A risk-based capital report as so adjusted is referred to as an \"adjusted risk-based capital report.\"","path":["INSURANCE","CHAPTER 64B. FRATERNAL BENEFIT SOCIETIES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/64B.41","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:29Z","sha256":"b90ac0a15f5c6cd99fc9e9298c11e84721d0d6c996954cf0fcb1fa37fdaa5d68","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-64b.40","next":"us-mn/minn.-stat.-64b.42"},"notice":"GroundRules: Original legal text. Not legal advice."}