Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2022 | Updated by FindLaw Staff
(a) This article shall apply to RBC reports required for the year ending December 31, 1999, and each year thereafter.
(b) Notwithstanding the provisions of sections 505-B, 506-B, 507-B and 508-B, 1 the following provisions shall apply to domestic health organizations with respect to RBC reports filed with the department for the year ending December 31, 1999:
(1) In the event of a company action level event, the commissioner shall take no regulatory action under this article.
(2) In the event of a regulatory action level event as defined in paragraphs (1) and (2) of the definition of “regulatory action level event” in section 501-B, 2 the department and the health organization shall take the actions required under section 505-B.
(3) In the event of a regulatory action level event as defined in paragraph (3), (4), (5) or (6) of the definition of “regulatory action level event” in section 501-B, the department shall take the actions required under section 506-B.
(4) In the event of a mandatory control level event, the department shall take the actions required under section 507-B.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 221.15-B. Phase-in provisions - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-221-15-b/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)