S.D. Admin. R. 20:06:36:15

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:36:15 - Regulatory action level event - Time for filing RBC plan or revised RBC plan

The RBC plan or revised RBC plan must be submitted as follows:

(1) Within 45 days after the occurrence of the regulatory action level event;

(2) If the insurer or health organization challenges an adjusted RBC report pursuant to § 20:06:36:21 and the challenge is not frivolous in the judgment of the director, within 45 days after the notice to the insurer or health organization that the director has, after a hearing, rejected the insurer's or health organization's challenge; or

(3) If the insurer or health organization challenges a revised RBC plan pursuant to § 20:06:36:21 and the challenge is not frivolous in the judgment of the director, within 45 days after the notice to the insurer or health organization that the director has, after a hearing, rejected the insurer's or health organization's challenge.

S.D. Admin. R. 20:06:36:15

23 SDR 228, effective 7/3/1997; 41 SDR 93, effective 12/3/2014.

General Authority: SDCL 58-4-48.

Law Implemented: SDCL 58-4-48.