For RBC reports required to be filed by health organizations with respect to 2002, the following requirements shall apply in lieu of the provisions of §§ 31-3851.03, 31-3851.04, 31-3851.05, and 31-3851.06:
(1) In the event of a Company Action Level Event with respect to a domestic health organization, the Commissioner shall take no regulatory action under this chapter.
(2) In the event of a Regulatory Action Level Event as defined under § 31-3851.01(19)(A) through (C), the Commissioner shall take the actions required under § 31-3851.03.
(3) In the event of a Regulatory Action Level Event as defined under § 31-3851.01(19)(D) through (I), or an Authorized Control Level Event, the Commissioner shall take the action required under § 31-3851.04 with respect to the health organization.
(4) In the event of a Mandatory Control Level Event, the Commissioner shall take the action required under § 31-3851.05.
CREDIT(S)
(June 18, 2003, D.C. Law 14-312, § 113, 50 DCR 306; Apr. 13, 2005, D.C. Law 15-354, § 45(d), 52 DCR 2638.)
HISTORICAL AND STATUTORY NOTES
Effect of Amendments
D.C. Law 15-354 validated previously made technical corrections.
Legislative History of Laws
For Law 14-312, see notes following § 31-3851.01.
For Law 15-354, see notes following § 31-101.