44-6025. Phase-in provision.

168 words·~1 min read·/ne/chapter-44/44-6025

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

For risk-based capital reports required to be filed by health organizations with respect to 1999 only, the following requirements shall apply in lieu of the provisions of sections 44-6016 to 44-6019 :

(1)In the event of a company action level event with respect to a domestic health organization, the director shall take no regulatory action under the Insurers and Health Organizations Risk-Based Capital Act;

(2)In the event of a regulatory action level event under subdivisions (1)(a) through

(c)of section 44-6017 , the director shall take the actions required under section 44-6016 ;

(3)In the event of a regulatory action level event under subdivisions (1)(d) through

(i)of section 44-6017 or an authorized control level event, the director shall take the actions required under section 44-6017 with respect to the health organization; and

(4)In the event of a mandatory control level event with respect to a health organization, the director shall take the actions required under section 44-6018 with respect to the health organization.