In the event of a regulatory action level event, the commissioner shall:

1. (a) Require the health organization to prepare and submit an RBC plan or, if applicable, a revised RBC plan;
2. (b) perform such examination or analysis as the commissioner deems necessary of the assets, liabilities and operations of the health organization including a review of its RBC plan or revised RBC plan; and
3. (c) subsequent to the examination or analysis, issue a corrective order specifying such actions as the commissioner determines are required.

L. 2000, ch. 147, § 13; July 1.