Section 38a-72-12 - Phase-in provision(a) For RBC Reports required to be filed by property and casualty insurers with respect to 1994, the following requirements shall apply in lieu of the provisions of sections 38a-72-3, 38a-72-4, 38a-72-5, and 38a-72-6: (1) In the event of a Company Action Level Event with respect to a domestic insurer, the commissioner shall take no regulatory action hereunder.(2) In the event of a Regulatory Action Level Event under section 38a-72-4(a) (1), (2), or (3) the commissioner shall take the actions required under section 38a-72-3.(3) In the event of a regulatory Action Level Event under section 38a-72-4(a) (4), (5), (6), (7), (8), or (9) or an Authorized Control Level Event, the commissioner shall take the actions required under section 38a-72-4 with respect to the insurer.(4) In the event of a Mandatory Control Level Event with respect to an insurer, the commissioner shall take the actions required under section 38a-72-5 with respect to the insurer.Conn. Agencies Regs. § 38a-72-12
Effective September 28, 1994