Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-2c12 - Same; commissioner's duties in regulatory action level eventIn the event of a regulatory action level event, the commissioner shall:
(a) Require the insurer to prepare and submit an RBC plan or, if applicable, a revised RBC plan;(b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the insurer including a review of its RBC plan or revised RBC plan; and(c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.L. 1994, ch. 138, § 12; July 1.