Ohio § 1753.36

§ 1753.36.

(A) For purposes of sections 1753.31 to 1753.43 of the Revised Code , a “ mandatory control level event ” is any of the following events: (1) The filing of an RBC report by a health insuring corporation that indicates that

the health insuring corporation's total adjusted capital is less than its mandatory

control level RBC; (2) The notification by the superintendent of insurance to a health insuring corporation

of an adjustment to the health insuring corporation's RBC report, which adjusted RBC

report shows the health insuring corporation's total adjusted capital at less than

its mandatory control level RBC, provided the health insuring corporation does not

challenge the adjusted RBC report under section 1753.37 of the Revised Code ; (3) The notification by the superintendent to the health insuring corporation, following

the hearing required under section 1753.37 of the Revised Code , that the superintendent has rejected the health insuring corporation's challenge

to an adjusted RBC report. (B) In the case of a mandatory control level event, the superintendent shall take such

actions as are necessary to place the health insuring corporation under regulatory

control under sections 3903.01 to 3903.59 of the Revised Code .  The mandatory control level event shall be deemed sufficient grounds for the superintendent

to take action under sections 3903.01 to 3903.59 of the Revised Code .  Nothing in sections 1753.31 to 1753.43 of the Revised Code shall impair or restrict the rights, powers, and protections afforded to the superintendent

and to health insuring corporations under sections 3903.01 to 3903.59 of the Revised Code .  However, the superintendent may defer action under this division for up to ninety

days after the mandatory control level event if the superintendent finds that there

is a reasonable expectation the health insuring corporation may be able to eliminate

the conditions leading to the mandatory control level event within the ninety-day

period.