For risk‑based capitalreports required to be filed with respect to 1994, the following requirementsapply in lieu of the provisions of G.S. 58‑12‑11:
(1) In the event of acompany action level event with respect to a domestic insurer, the Commissionershall take no regulatory action hereunder.
(2) In the event of aregulatory action level event under G.S. 58‑12‑16(a)(1), (2), or(3) the Commissioner shall take the actions required under G.S. 58‑12‑11.
(3) In the event of a regulatoryaction level event under G.S. 58‑12‑16(a)(4), (5), (6), (7), (8),or (9) or an authorized control level event, the Commissioner shall take theactions required under G.S. 58‑12‑16 with respect to the insurer.
(4) In the event of amandatory control level event with respect to an insurer, the Commissionershall take the actions required under G.S. 58‑12‑21 with respect tothe insurer. (1993 (Reg. Sess., 1994), c. 678, s. 1.)
For risk‑based capitalreports required to be filed with respect to 1994, the following requirementsapply in lieu of the provisions of G.S. 58‑12‑11:
(1) In the event of acompany action level event with respect to a domestic insurer, the Commissionershall take no regulatory action hereunder.
(2) In the event of aregulatory action level event under G.S. 58‑12‑16(a)(1), (2), or(3) the Commissioner shall take the actions required under G.S. 58‑12‑11.
(3) In the event of a regulatoryaction level event under G.S. 58‑12‑16(a)(4), (5), (6), (7), (8),or (9) or an authorized control level event, the Commissioner shall take theactions required under G.S. 58‑12‑16 with respect to the insurer.
(4) In the event of amandatory control level event with respect to an insurer, the Commissionershall take the actions required under G.S. 58‑12‑21 with respect tothe insurer. (1993 (Reg. Sess., 1994), c. 678, s. 1.)
For risk‑based capitalreports required to be filed with respect to 1994, the following requirementsapply in lieu of the provisions of G.S. 58‑12‑11:
(1) In the event of acompany action level event with respect to a domestic insurer, the Commissionershall take no regulatory action hereunder.
(2) In the event of aregulatory action level event under G.S. 58‑12‑16(a)(1), (2), or(3) the Commissioner shall take the actions required under G.S. 58‑12‑11.
(3) In the event of a regulatoryaction level event under G.S. 58‑12‑16(a)(4), (5), (6), (7), (8),or (9) or an authorized control level event, the Commissioner shall take theactions required under G.S. 58‑12‑16 with respect to the insurer.
(4) In the event of amandatory control level event with respect to an insurer, the Commissionershall take the actions required under G.S. 58‑12‑21 with respect tothe insurer. (1993 (Reg. Sess., 1994), c. 678, s. 1.)
