§ 4-306. Regulatory action level events
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 4-306
§ 4-306. Regulatory action level events
(a) A regulatory action level event occurs when:
(b) In the event of a regulatory action level event, the Commissioner shall:
(c) In determining the type of corrective action to be taken by the insurer, the Commissioner may take into account all factors that the Commissioner considers relevant with respect to the insurer based on the Commissioner's examination or analysis of the assets, liabilities, and operation of the insurer, including the results of any sensitivity test undertaken pursuant to the RBC instructions.
(d) The insurer shall submit the RBC plan or revised RBC plan to the Commissioner:
(e)(1) The Commissioner may retain actuaries, investment experts, and other consultants as necessary in the judgment of the Commissioner to:
Credits
Added by Acts 1995, c. 339, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 743.
MD Code, Insurance, § 4-306, MD INSURANCE § 4-306
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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