Sec. 35A-60. Phase-in of Article.
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Sec. 35A-60. Phase-in of Article.
(a)For RBC Reports filed with respect to the December 31, 1993 annual statement, instead of the provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:
(1)In the event of a company action level event, the Director shall take no action
under this Article.
(2)In the event of a regulatory action level event under paragraph (1), (2), or
(3)of
subsection
(a)of Section 35A-20, the Director shall take the actions required under Section 35A-15.
(3)In the event of a regulatory action level event under paragraph (4), (5), (6), (7),
(8), or
(9)of subsection
(a)of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
(4)In the event of a mandatory control level event, the Director shall take the actions
required under Section 35A-25.
(b)For RBC Reports required to be filed by property and casualty insurers with respect to the December 31, 1995 annual statement, instead of the provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:
(1)In the event of a company action level event with respect to a domestic insurer, the
Director shall take no regulatory action under this Article.
(2)In the event of a regulatory action level event under paragraph (1), (2), or
(3)of
subsection
(a)of Section 35A-20, the Director shall take the actions required under Section 35A-15.
(3)In the event of a regulatory action level event under paragraph (4), (5), (6), (7),
(8), or
(9)of subsection
(a)of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
(4)In the event of a mandatory control level event, the Director shall take the actions
required under Section 35A-25.
(c)For RBC Reports required to be filed by health organizations with respect to the December 31, 1999 annual statement and the December 31, 2000 annual statement, instead of the provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:
(1)In the event of a company action level event with respect to a domestic insurer, the
Director shall take no regulatory action under this Article.
(2)In the event of a regulatory action level event under paragraph (1), (2), or
(3)of
subsection
(a)of Section 35A-20, the Director shall take the actions required under Section 35A-15.
(3)In the event of a regulatory action level event under paragraph (4), (5), (6), (7),
(8), or
(9)of subsection
(a)of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
(4)In the event of a mandatory control level event, the Director shall take the actions
required under Section 35A-25.
This subsection does not apply to a health organization that provides or arranges for a health care plan under which enrollees may access health care services from contracted providers without a referral from their primary care physician.
Nothing in this subsection shall preclude or limit other powers or duties of the Director under any other laws.
(d)For RBC Reports required to be filed by fraternal benefit societies with respect to the December 31, 2013 annual statement and the December 31, 2014 annual statement, instead of the provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:
(1)In the event of a company action level event with respect to a domestic insurer, the
Director shall take no regulatory action under this Article.
(2)In the event of a regulatory action level event under paragraph (1), (2), or
(3)of
subsection
(a)of Section 35A-20, the Director shall take the actions required under Section 35A-15.
(3)In the event of a regulatory action level event under paragraph (4), (5), (6), (7),
(8), or
(9)of subsection
(a)of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
(4)In the event of a mandatory control level event, the Director shall take the actions
required under Section 35A-25.
Nothing in this subsection shall preclude or limit other powers or duties of the Director under any other laws.