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(215 ILCS 5/35A-60)
Sec. 35A-60. Phase-in of Article.
(a) For RBC Reports filed
with
respect to
the December 31, 1993 annual statement, instead of the provisions of Sections
35A-15, 35A-20, 35A-25, and 35A-30,
the following provisions apply:
(1) In the event of a company action level event, the |
| Director shall take no action under this Article.
|
|
(2) In the event of a regulatory action level event
|
| under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.
|
|
(3) In the event of a regulatory action level event
|
| under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
|
|
(4) In the event of a mandatory control level event,
|
| the Director shall take the actions required under Section 35A-25.
|
|
(b) For RBC Reports required to be filed by property and casualty
insurers with respect to the December 31, 1995 annual statement, instead of the
provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30,
the following provisions apply:
(1) In the event of a company action level event with
|
| respect to a domestic insurer, the Director shall take no regulatory action under this Article.
|
|
(2) In the event of a regulatory action level event
|
| under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.
|
|
(3) In the event of a regulatory action level event
|
| under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
|
|
(4) In the event of a mandatory control level event,
|
| the Director shall take the actions required under Section 35A-25.
|
|
(c) For RBC Reports required to be filed by health organizations with
respect to the December 31, 1999 annual statement and the December 31, 2000
annual statement, instead of the provisions of
Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:
(1) In the event of a company action level event with
|
| respect to a domestic insurer, the Director shall take no regulatory action under this Article.
|
|
(2) In the event of a regulatory action level event
|
| under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.
|
|
(3) In the event of a regulatory action level event
|
| under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
|
|
(4) In the event of a mandatory control level event,
|
| the Director shall take the actions required under Section 35A-25.
|
|
This subsection does not apply to a health organization that provides or
arranges for a health care plan under which enrollees may access health care
services from contracted providers without a referral from their primary care
physician.
Nothing in this subsection shall preclude or limit other powers or duties of
the Director under any other laws.
(d) For RBC Reports required to be filed by fraternal benefit societies with respect to the December 31, 2013 annual
statement and the December 31, 2014 annual statement, instead
of the provisions of Sections 35A-15, 35A-20, 35A-25, and
35A-30, the following provisions apply:
(1) In the event of a company action level event with
|
| respect to a domestic insurer, the Director shall take no regulatory action under this Article.
|
|
(2) In the event of a regulatory action level event
|
| under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.
|
|
(3) In the event of a regulatory action level event
|
| under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.
|
|
(4) In the event of a mandatory control level event,
|
| the Director shall take the actions required under Section 35A-25.
|
|
Nothing in this subsection shall preclude or limit other powers or duties of
the Director under any other laws.
(Source: P.A. 100-201, eff. 8-18-17.)
|
