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The DC Code: § 31-2013 Phase-in provision.

Index31 Insurance and Securities. (Refs & Annos)
a
For RBC Reports required to be filed by life insurers with respect to 1993, the following requirements shall apply in lieu of the provisions of §§ 31- 2003, 31-2004, 31-2005, and 31-2006:
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 an Regulatory Action Level Event under § 31-2004(a)(1), (2), or (3), the Commissioner shall take the actions required under § 31- 2003.
3
In the event of an Regulatory Action Level Event under § 31-2004(a)(4), (5), (6), (7), (8), or (9) or an Authorized Control Level Event, the Commissioner shall take the actions required under § 31-2004 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 § 31-2005 with respect to the insurer.
b
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 §§ 31-2003, 31-2004, 31-2005, and 31-2006:
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 an Regulatory Action Level Event under § 31-2004(a)(1), (2), or (3) the Commissioner shall take the actions required under § 31- 2003.
3
In the event of an Regulatory Action Level Event under § 31-2004(a)(4), (5), (6), (7), (8), or (9) or an Authorized Control Level Event, the Commissioner shall take the actions required under § 31-2004 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 § 31-2005 with respect to the insurer.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-4613. Legislative History of Laws For legislative history of D.C. Law 11-233, see Historical and Statutory Notes following § 31-2001. DC CODE § 31-2013 Current through December 11, 2012

Credits

(Apr. 9, 1997, D.C. Law 11-233, § 14, 44 DCR 765.)