§ 26.1-03.2-13 — Phasein provision

North Dakota § 26.1-03.2-13

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-03.2: Risk-Based Capital for Health Organizations

Text

For risk-based capital reports required to be filed by health organizations with respect to
1999, the following requirements apply in lieu of the provisions of sections 26.1-03.2-03,
26.1-03.2-04, 26.1-03.2-05, and 26.1-03.2-06:
1. In the event of a company action level event with respect to a domestic health
organization, the commissioner shall take no regulatory action under this chapter.
2. In the event of a regulatory action level event under subdivision a, b, or c of
subsection 1 of section 26.1-03.2-04, the commissioner shall take the actions required
under section 26.1-03.2-03.
3. In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of
subsection 1 of section 26.1-03.2-04 or an authorized control level event, the
commissioner shall take the actions required under section 26.1-03.2-04 with respect
to the health organization.
4. In the event of a mandatory control level event with respect to a health organization,
the commissioner shall take the actions required under section 26.1-03.2-05 with
respect to the health organization.