Order R 00-13
ADOPTION OF RISK BASED
December 27, 2000
The Director of the Division of Insurance finds:
1. This order is issued pursuant to AS 21.14.010(e), which
provides for the adoption of Risk Based Capital Instructions
by order of the director after an open meeting held under
2. By notice dated November 3, 2000, the division scheduled
a public meeting to be held at 2:00 p.m. on Wednesday,
December 6, 2000 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. The division accepted written
comments until 5:00 p.m., December 13, 2000.
3. The public meeting was held at the time and location noticed.
The division received no oral or written comments.
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 December 31, 2000 are adopted for use by domestic
property, casualty, life, and health insurers for the reporting
period ending December 31, 2000. Risk based capital reporting
is to be completed using these instructions as required by
This order is effective December 31, 2000.