Oklahoma § 36-6951 - Requirements for RBC reports filed in 2003

§ 36-6951. Requirements for RBC reports filed in 2003

For Risk-based Capital (RBC) reports required to be filed by

health maintenance organizations in 2003, the following requirements

shall apply in lieu of the provisions of Sections 40, 41, 42 and 43

of this act:

1. In the event of a Company Action Level Event in a domestic

health maintenance organization, the Insurance Commissioner shall

take no regulatory action under this act;

2. In the event of a Regulatory Action Level Event under the

provisions of paragraphs 1, 2 or 3 of subsection A of Section 41 of

this act the Commissioner shall take the actions required under

Section 40 of this act;

3. In the event of a Regulatory Action Level Event under

paragraphs 4, 5, 6, 7, 8 or 9 of subsection A of Section 41 of this

act or an Authorized Control Level Event, the Commissioner shall

take the actions required under Section 41 of this act; or

4. In the event of a Mandatory Control Level Event in a health

maintenance organization, the Commissioner shall take the actions

required under Section 42 of this act.

Added by Laws 2003, c. 197, § 51, eff. Nov. 1, 2003.