North Dakota § 26.1-03.1-13 Phasein provision

North Dakota Statutes

§ 26.1-03.1-13 — Phasein provision

North Dakota § 26.1-03.1-13

Title 26.1Insurance

Ch. 26.1-03.1Risk-Based Capital Reports

This text of North Dakota § 26.1-03.1-13 (Phasein provision) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-03.1-13 (2026).

Text

1.For risk-based capital reports required to be filed by life insurers with respect to 1993, the following requirements apply in lieu of the provisions of sections 26.1-03.1-03, 26.1-03.1-04, 26.1-03.1-05, and 26.1-03.1-06:

a.In the event of a company action level event with respect to a domestic insurer, the commissioner may take no regulatory action hereunder.

b.In the event of a regulatory action level event under subdivision a, b, or c of subsection 1 of section 26.1-03.1-04, the commissioner shall take the actions required under section 26.1-03.1-03.

c.In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of subsection 1 of section 26.1-03.1-04 or an authorized control level event, the commissioner shall take the actions required under section 26.1-

Free access — add to your briefcase to read the full text and ask questions with AI

1. For risk-based capital reports required to be filed by life insurers with respect to 1993,
the following requirements apply in lieu of the provisions of sections 26.1-03.1-03,
26.1-03.1-04, 26.1-03.1-05, and 26.1-03.1-06:
a. In the event of a company action level event with respect to a domestic insurer,
the commissioner may take no regulatory action hereunder.
b. In the event of a regulatory action level event under subdivision a, b, or c of
subsection 1 of section 26.1-03.1-04, the commissioner shall take the actions
required under section 26.1-03.1-03.
c. In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of
subsection 1 of section 26.1-03.1-04 or an authorized control level event, the
commissioner shall take the actions required under section 26.1-03.1-04 with
respect to the insurer.
d. In the event of a mandatory control level event with respect to an insurer, the
commissioner shall take the actions required under section 26.1-03.1-05 with
respect to the insurer.
2. For risk-based capital reports required to be filed by property and casualty insurers
with respect to 1994, the following requirements apply in lieu of the provisions of
sections 26.1-03.1-03, 26.1-03.1-04, 26.1-03.1-05, and 26.1-03.1-06:
a. In the event of a company action level event with respect to a domestic insurer,
the commissioner shall take no regulatory action hereunder.
b. In the event of a regulatory action level event under subdivision a, b, or c of
subsection 1 of section 26.1-03.1-04, the commissioner shall take the actions
required under section 26.1-03.1-03.
c. In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of
subsection 1 of section 26.1-03.1-04 or an authorized control level event, the
commissioner shall take the action required under section 26.1-03.1-04 with
respect to the insurer.
d. In the event of a mandatory control level event with respect to an insurer, the
commissioner shall take the actions required under section 26.1-03.1-05 with
respect to the insurer.