{"data":{"id":"us-nd/n.d.-cent.-code-26.1-03.1-13","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-03.1-13","heading":"Phasein provision","body":"1.For risk-based capital reports required to be filed by life insurers with respect to 1993, the following requirements apply in lieu of the provisions of sections 26.1-03.1-03, 26.1-03.1-04, 26.1-03.1-05, and 26.1-03.1-06:\na.In the event of a company action level event with respect to a domestic insurer, the commissioner may take no regulatory action hereunder.\nb.In the event of a regulatory action level event under subdivision a, b, or c of subsection 1 of section 26.1-03.1-04, the commissioner shall take the actions required under section 26.1-03.1-03.\nc.In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of subsection 1 of section 26.1-03.1-04 or an authorized control level event, the commissioner shall take the actions required under section 26.1-03.1-04 with respect to the insurer.\nd.In the event of a mandatory control level event with respect to an insurer, the commissioner shall take the actions required under section 26.1-03.1-05 with respect to the insurer.\n2.For risk-based capital reports required to be filed by property and casualty insurers with respect to 1994, the following requirements apply in lieu of the provisions of sections 26.1-03.1-03, 26.1-03.1-04, 26.1-03.1-05, and 26.1-03.1-06:\na.In the event of a company action level event with respect to a domestic insurer, the commissioner shall take no regulatory action hereunder.\nb.In the event of a regulatory action level event under subdivision a, b, or c of subsection 1 of section 26.1-03.1-04, the commissioner shall take the actions required under section 26.1-03.1-03.\nc.In the event of a regulatory action level event under subdivision d, e, f, g, h, or i of subsection 1 of section 26.1-03.1-04 or an authorized control level event, the commissioner shall take the action required under section 26.1-03.1-04 with respect to the insurer.\nd.In the event of a mandatory control level event with respect to an insurer, the commissioner shall take the actions required under section 26.1-03.1-05 with respect to the insurer.","path":["Title 26.1 Insurance","Chapter 26.1-03.1 Risk-Based Capital Reports"],"source_url":"https://ndlegis.gov/cencode/t26-1c03-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"99ee47d74f864abc6eb0b787e161e3515844dcbafae9b996c75e23a2830cbc0e","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-03.1-12","next":"us-nd/n.d.-cent.-code-26.1-03.2-01"},"notice":"GroundRules: Original legal text. Not legal advice."}