11 NCAC 11B .0223          aDEQUACY OF SURPLUS

In addition to the factors set forth in G.S. 58-19-30(d), the Commissioner shall consider the net effect of all of those factors and other factors bearing on the financial condition of the insurer.  In comparing the surplus maintained by other insurers, the Commissioner shall consider the extent to which each of these factors varies from company to company.  In determining the quality and liquidity of investments in subsidiaries, the Commissioner shall consider the individual subsidiary and may discount or disallow its valuation to the extent that the individual investments warrant.

History Note:        Authority G.S. 58‑2‑40; 58-19-25; 58‑19‑30;

Eff. April 1, 1993;

Amended Eff. June 1, 2007;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.