Insurance: risk-based capital.

Existing law requires every domestic insurer to prepare and submit to the Insurance Commissioner a Risk-Based Capital (RBC) Report of the insurer's risk-based capital levels as of the end of the calendar year, as specified. Existing law directs the Insurance Commissioner to take regulatory action with respect to an RBC Report under specified conditions. All notices by the Insurance Commissioner to an insurer that may result in regulatory action are effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission, are effective upon the insurer's receipt of the notice. This bill would make a technical, nonsubstantive change to the latter provision.