{"data":{"id":"us-va/va.-code-38.2-5514","jurisdiction":"us-va","citation":"Va. Code § 38.2-5514","heading":"Phase-in provision","body":"For RBC Reports required to be filed by insurers with respect to 1994, the following requirements shall apply in lieu of the provisions of §§ 38.2-5503, 38.2-5504, 38.2-5505 and 38.2-5506:1. In the event of a Company Action Level Event with respect to a domestic insurer, the Commission shall take no regulatory action hereunder.2. In the event of a Regulatory Action Level Event under subdivision A 1, A 2 or A 3 of § 38.2-5504, the Commission shall take the actions required under § 38.2-5503.3. In the event of a Regulatory Action Level Event under subdivision 4, 5, 6, 7, 8 or 9 of subsection A of § 38.2-5504 or an Authorized Control Level Event, the Commission shall take the actions required under § 38.2-5504 with respect to the insurer.4. In the event of a Mandatory Control Level Event with respect to an insurer, the Commission shall take the actions required under § 38.2-5505 with respect to the insurer.1995, c. 789.","path":["Title 38.2. INSURANCE","Chapter 55. RISK-BASED CAPITAL ACT"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-5514/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"1ae61093852908939e02dbd3587ec03c8fce39c1fab44b6b699691abe28142e0","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-5513","next":"us-va/va.-code-38.2-5515"},"notice":"GroundRules: Original legal text. Not legal advice."}