Final answer:
If a company's RBC ratio is between 150% and 200% and a Trend Test is triggered, the company is at the caution action level.
Step-by-step explanation:
If a company's RBC ratio is greater than or equal to 150% but less than 200% and a Trend Test is triggered, then the company is considered to be at the caution action level.
This means that the company's risk-based capital ratio is within an acceptable range, but there may be some concerns or issues worth monitoring.
If the RBC ratio falls below 150% or goes above 200%, the company would be at a regulated action level or a mandatory control level respectively.