Section 40-2d17 - Mandatory control event; defined"Mandatory control event" means any of the following events:
(a) The filing of an RBC report by the health organization which indicates that the health organization's total adjusted capital is less than its mandatory control level RBC;(b) the notification by the commissioner to the health organization of an adjusted RBC report that indicates the event described in subsection (a) if: (1) The health organization does not challenge the adjusted RBC report pursuant to K.S.A. 40-2d19, and amendments thereto; or(2) the commissioner has rejected such challenge. L. 2000, ch. 147, § 18; July 1.