Connecticut Administrative Code
Title 38a - Insurance Department
193 - Risk-Based Capital Requirements For Health Care Centers
Section 38a-193-9a - Foreign Health Care Centers

Universal Citation: CT Reg of State Agencies 38a-193-9a

Current through March 14, 2024

(a)

(1) A foreign health care center shall, upon the written request of the commissioner, submit to the commissioner an RBC report for the calendar year just ended, on or prior to the later of:
(A) The date on which the foreign health care center would be required to submit an RBC report under sections 38a-193-1 to 38a-193-13, inclusive, of the Regulations of Connecticut State Agencies if such foreign health care center were a domestic health care center; or

(B) Fifteen (15) days after the foreign health care center received such request.

(2) A foreign health care center shall, at the written request of the commissioner, promptly submit to the commissioner a copy of any RBC plan that is filed with the insurance commissioner of any other state.

(b) In the event of a Company Action Level Event, Regulatory Action Level Event or Authorized Control Level Event with respect to a foreign health care center, as determined under the RBC statute applicable in the state of domicile of the foreign health care center (or, if no RBC statute is in force in that state, under the provisions of sections 38a-193-1 to 38a-193-13, inclusive, of the Regulations of Connecticut State Agencies), if the insurance commissioner of the state of domicile of the foreign health care center fails to require the foreign health care center to file an RBC plan in the manner specified under the laws of such domiciliary state (or, if no such law is in force in such domiciliary state, under section 38a-193-3 of the Regulations of Connecticut State Agencies), the commissioner may require the foreign health care center to submit an RBC plan to the commissioner. The commissioner may prohibit any foreign health care center that fails to submit an RBC plan to the commissioner under this subsection from engaging in health care center business in this state.

(c) In the event of a Mandatory Control Level Event with respect to any foreign health care center, if no domiciliary receiver has been appointed with respect to the foreign health care center under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign health care center, the commissioner may make application to the superior court for the judicial district of Hartford as permitted under Chapter 704c of the Connecticut General Statutes with respect to the liquidation of property of foreign health care centers found in this state, and the occurrence of the Mandatory Control Level Event shall be considered adequate grounds for the application.

Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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