Home Table of Contents

§ 6951. Requirements for RBC reports filed in 2003

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 2. Miscellaneous Provisions
Risk-Based Capital for Health Maintenance Organizations Act of 2003
36 Okl.St.Ann. § 6951
§ 6951. Requirements for RBC reports filed in 2003
Currentness
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
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
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.

Credits

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

Footnotes

1
O.S.L.2003, c. 197, §§ 40, 41, 42, and 43 [Title 36, §§ 6940, 6941, 6942, and 6943].
2
Title 36, § 6937 et seq.
36 Okl. St. Ann. § 6951, OK ST T. 36 § 6951
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document