Title 26.1 — Insurance

In this chapter, unless the context or subject matter otherwise requires: 1. "Adjusted risk-based capital report" means a risk-based capital report which has been adjusted by the commissioner in accordance with section 26.1-03.2-02. 2. "Corrective order" means an order issued by …

1. On or before each March first, a domestic health organization shall prepare and submit to the commissioner a report of its risk-based capital levels as of the end of the calendar year just ended, in a form and containing such information as is required by the risk-based capita…

1. "Company action level event" means any of the following events: a. The filing of a risk-based capital report by a health organization which indicates that: (1) The health organization's total adjusted capital is greater than or equal to its regulatory action level risk-based c…

1. "Regulatory action level event" means, with respect to a health organization, any of the following events: a. The filing of a risk-based capital report by the health organization which indicates that the health organization's total adjusted capital is greater than or equal to …

1. "Authorized control level event" means any of the following events: a. The filing of a risk-based capital report by the health organization which indicates that the health organization's total adjusted capital is greater than or equal to its mandatory control level risk-based …

1. "Mandatory control level event" means any of the following events: a. The filing of a risk-based capital report that indicates that the health organization's total adjusted capital is less than its mandatory control level risk-based capital; b. Notification by the commissioner…

Upon the occurrence of any of the following events, the health organization shall have the right to a confidential departmental hearing, on a record, at which the health organization may challenge any determination or action by the commissioner. The health organization shall noti…

1. The provisions of this chapter are supplemental to any other provisions of the laws of this state, and do not preclude or limit any other powers or duties of the commissioner under such laws, including chapter 26.1-06.1. 2. The commissioner may adopt reasonable rules necessary…

1. a. A foreign health organization, upon the written request of the commissioner, shall submit to the commissioner a risk-based capital report for the calendar year just ended, the later of: (1) The date a risk-based capital report would be required to be filed by a domestic hea…

There is no liability on the part of, and no cause of action shall arise against, the commissioner or the insurance department or its employees or agents for any action taken by them in the performance of their powers and duties under this chapter.

All notices by the commissioner to a health organization which may result in regulatory action under this chapter are effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission, are effective upon the health organization's rec…

For risk-based capital reports required to be filed by health organizations with respect to 1999, the following requirements apply in lieu of the provisions of sections 26.1-03.2-03, 26.1-03.2-04, 26.1-03.2-05, and 26.1-03.2-06: 1. In the event of a company action level event wit…