North Dakota § 26.1-03.2-10 Foreign health organizations

North Dakota Statutes

§ 26.1-03.2-10 — Foreign health organizations

North Dakota § 26.1-03.2-10

Title 26.1Insurance

Ch. 26.1-03.2Risk-Based Capital for Health Organizations

This text of North Dakota § 26.1-03.2-10 (Foreign health organizations) 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 § 26.1-03.2-10 (2026).

Text

1. a. A foreign health organization, upon the written request of the commissioner, shall submit to the commissioner a risk-based capital report for the calendar year just ended, the later of:

(1)The date a risk-based capital report would be required to be filed by a domestic health organization under this chapter; or

(2)Fifteen days after the request is received by the foreign health organization. b. A foreign health organization, at the written request of the commissioner, shall promptly submit to the commissioner a copy of any risk-based capital plan that is filed with the insurance commissioner of any other state. 2. In the event of a company action level event, regulatory action level event, or authorized control level event with respect to a foreign health organization as determined

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1. a. A foreign health organization, upon the written request of the commissioner, shall
submit to the commissioner a risk-based capital report for the calendar year just
ended, the later of:
(1) The date a risk-based capital report would be required to be filed by a
domestic health organization under this chapter; or
(2) Fifteen days after the request is received by the foreign health organization.
b. A foreign health organization, at the written request of the commissioner, shall
promptly submit to the commissioner a copy of any risk-based capital plan that is
filed with the insurance commissioner of any other state.
2. In the event of a company action level event, regulatory action level event, or
authorized control level event with respect to a foreign health organization as
determined under the risk-based capital statute applicable in the state of domicile of
the health organization or, if no risk-based capital statute is in force in that state, under
the provisions of this chapter, if the insurance commissioner of the state of domicile of
the foreign health organization fails to require the foreign health organization to file a
risk-based capital plan in the manner specified under that state's risk-based capital
statute or, if no risk-based capital statute is in force in that state, under section
26.1-03.2-03, the commissioner may require the foreign health organization to file a
risk-based capital plan with the commissioner. In such event, the failure of the foreign
health organization to file a risk-based capital plan with the commissioner is grounds to
order the health organization to cease and desist from writing new insurance business
in this state.
3. In the event of a mandatory control level event with respect to a foreign health
organization, if no domiciliary receiver has been appointed with respect to the foreign

health organization under the rehabilitation and liquidation statute applicable in the
state of domicile of the foreign health organization, the commissioner may make
application to the district court permitted under section 26.1-06.1-04 with respect to the
liquidation of property of foreign health organizations found in this state, and the
occurrence of the mandatory control level event shall be considered adequate grounds
for the application.