Pennsylvania Statutes Title 40 P.S. Insurance § 221.8-A. Authorized control level event

(1) Take such actions as are required under section 507-A  1 regarding an insurer with respect to which a regulatory action level event has occurred.

(2) If the commissioner deems it to be in the best interests of the policyholders and creditors of the insurer and of the public, take actions necessary to cause the insurer to be placed under regulatory control under Article V.  2 In the event the commissioner takes action under Article V, the authorized control level event shall be deemed sufficient grounds for the commissioner to take that action.