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Order R99-01
ADOPTION OF RISK BASED CAPITAL INSTRUCTIONS
January 6, 1999
The Director of the Division of Insurance does hereby find
as follows:
1. This order is issued pursuant to AS 21.14.200(18), which
provides for the adoption of Risk Based Capital Instructions
by order of the director after an open meeting held under
AS 44.62.310.
2. By notice dated November 19, 1998, notice was given of
a public meeting to be held at 9:00 a.m. on Monday, December
21, 1998 at the Division of Insurance; 3601 C Street,
Suite 1324; Anchorage, Alaska. The purpose of the meeting
was to hear comments regarding the proposed adoption of Risk
Based Capital Instructions formulated by the National Association
of Insurance Commissioners for use by domestic property, casualty,
life, and health insurers in complying with the reporting
requirements of AS 21.14.010. Written comments were accepted
until 5:00 p.m., December 28, 1998.
3. The public meeting was held at the time and location noticed.
No oral or written comments were received.
The Director of Insurance Hereby Orders:
The Overview and Instructions of Property and Casualty Risk
Based Capital, the Overview and Instructions of Life Risk
Based Capital, and the Overview and Instructions of Managed
Care Organizations (both HMDI and HMO) formulated and approved
by the National Association of Insurance Commissioners and
in effect September 14, 1998 are adopted for use by domestic
property, casualty, life, and health insurers for the reporting
period ending December 31, 1998. Risk based capital reporting
is to be completed using these instructions as required by
AS 21.14.010.
This order is effective December 31, 1998.
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