New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 39A - INCREASE IN CAPITAL AND SURPLUS REQUIREMENTS FOR HEALTH ORGANIZATIONS
Section 11:2-39A.15 - Phase-in provision
Universal Citation: NJ Admin Code 11:2-39A.15
Current through Register Vol. 56, No. 24, December 18, 2024
(a) Except for HMOs, the following requirements shall apply to the filing of the first RBC reports due on or before March 1, 2015, in lieu of the provisions of N.J.A.C. 11:2-39A.4 through 39A.7:
1. In the event of a company action level
event with respect to a domestic health organization, the Commissioner shall
take no regulatory action under this subchapter.
2. In the event of a regulatory action level
event under
N.J.A.C.
11:2-39A.5(a)1, 2, or 3, the
Commissioner shall take the actions required under
N.J.A.C.
11:2-39A.4.
3. In the event of a regulatory action level
event under
N.J.A.C.
11:2-39A.5(a)4, 5, 6, 7, 8,
or 9 or an authorized control level event, the Commissioner shall take the
actions required under
N.J.A.C.
11:2-39A.5 with respect to the health
organization.
4. In the event of a
mandatory control level event with respect to a health organization, the
Commissioner shall take the actions required under
N.J.A.C.
11:2-39A.6 with respect to the health
organization.
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