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

1. (1) Within 45 days after the occurrence of the regulatory action level event;
2. (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. (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.

Source: 23 SDR 228, effective July 3, 1997; 41 SDR 93, effective December 3, 2014.

General Authority: SDCL 58-4-48.

Law Implemented: SDCL 58-4-48.

Prior versions effective: 1997-07-03.