The risk-based capital charges for a life insurance company are provided below. The insurer has total capital and surplus of $32.54 million. What supervisory action level applies to this insurer? Support your response with a calculation of the risk-based capital (RBC) level for the insurance company.

Risk CO C1 C1cs 2 C b c C4a c4b RBC Charge (millions) $ 4.50 1.75 8.50 8.00 5.00 3.00 1.75 5.25 0.75 Risk CO C1 C1cs 2 C b c C4a c4b RBC Charge (millions) $ 4.50 1.75 8.50 8.00 5.00 3.00 1.75 5.25 0.75