reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1753.31 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.31 | Risk-Based Capital for Insurers Model Act Definitions.

Effective: January 1, 2021|Latest Legislation:  House Bill 339 - 133rd General Assembly|As used in sections 1753.31 to 1753.43 of the Revised Code: (A) "Adjusted RBC report" means an RBC report that has been adjusted by the superintendent of insurance in accordance with division (C) of section 1753.32 of the Revised Code. (B) "Authorized control level RBC" means the number determined under the risk-based capital formula in accordance with the RBC instructions. (C) "Company action level RBC" means the product of 2.0 and a health insuring corporation's authorized control level RBC. (D) "Corrective order" means an order issued by the superintendent of insurance specifying corrective actions that the superintendent determines are required. (E) "Domestic health insuring corporation" means a health insuring corporation domiciled in this state. (F) "Foreign health insuring corporation" means a health insuring corporation holding a certificate of authority under chapter 1751. of the Revised Code that is domiciled outside of this state. (G) "Mandatory control level RBC" means the product of .70 and a health insuring corporation's authorized control level RBC. (H) "NAIC" means the national association of insurance commissioners. (I) "Net worth" means statutory capital and surplus. (J) "RBC" means risk-based capital. (K) "RBC instructions" means the RBC report, including risk-based capital instructions, as adopted by the NAIC and as amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC. "RBC instructions" also includes any modifications adopted by the superintendent of insurance, as the superintendent considers to be necessary. (L) "RBC level" means a health insuring corporation's action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC. (M) "RBC plan" means a comprehensive financial plan containing the elements specified in division (B) of section 1753.33 of the Revised Code. (N) "RBC report" means the report required by section 1753.32 of the Revised Code. (O) "Regulatory action level RBC" means the product of 1.5 and a health insuring corporation's authorized control level RBC. (P) "Revised RBC plan" means an RBC plan rejected by the superintendent of insurance and then revised by a health insuring corporation with or without incorporating the superintendent's recommendations. (Q) "Total adjusted capital" means the sum of both of the following: (1) A health insuring corporation's net worth as determined in accordance with the statutory accounting applicable to the annual financial statements required to be filed under section 1751.32 of the Revised Code; (2) Such other items, if any, as the RBC instructions may provide.
Ohio Rev Code § 1753.32 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.32 | Annual Report.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|(A) Each domestic health insuring corporation shall, on or prior to the first day of March of every year, prepare and submit to the superintendent of insurance a report on its RBC levels as of the end of the calendar year just ended, in a form and containing such information as is required by the RBC instructions. In addition, a domestic health insuring corporation shall file its RBC report as follows:(1) With the NAIC, in accordance with the RBC instructions;(2) With the insurance regulatory authority of any other state in which the health insuring corporation is authorized to do business, if the insurance regulatory authority of that state has sent a written request to the health insuring corporation for the RBC report. The health insuring corporation shall file an RBC report with the requesting state no later than the later of:(a) Fifteen days after the health insuring corporation's receipt of the insurance regulatory authority's request for the RBC report;(b) Prior to the first day of March.(B) A health insuring corporation's RBC levels shall be determined in accordance with the formula set forth in the RBC instructions. The formula shall take the following risks into account, and may adjust for the covariance between these risks, as determined in each case by applying the factors in the manner set forth in the RBC instructions:(1) Asset risk;(2) Credit risk;(3) Underwriting risk;(4) All other business risks and such other relevant risks as are set forth in the RBC instructions.(C) If a domestic health insuring corporation files an RBC report that in the judgment of the superintendent is inaccurate, the superintendent shall adjust the RBC report to correct the inaccuracy and then shall provide a copy of the adjusted RBC report to the health insuring corporation. The superintendent shall also provide the health insuring corporation with a statement of the reasons for any adjustment.(D) In enacting sections 1753.31 to 1753.43 of the Revised Code, the general assembly finds all of the following:(1) An excess of capital over the amount produced by the risk-based capital requirements of sections 1753.31 to 1753.43 of the Revised Code, and the formulas, schedules, and instructions referenced in sections 1753.31 to 1753.43 of the Revised Code, is desirable in the business of insurance.(2) Health insuring corporations, accordingly, should seek to maintain capital above the RBC levels required by sections 1753.31 to 1753.43 of the Revised Code.(3) Additional capital is used and is useful in the business of insurance, helping to secure a health insuring corporation against various risks inherent in, or affecting, the business of insurance, which risks are not accounted for or are only partially measured by the risk-based capital requirements of sections 1753.31 to 1753.43 of the Revised Code.
Ohio Rev Code § 1753.35 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.35 | Authorized Control Level Event.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|(A) For purposes of sections 1753.31 to 1753.43 of the Revised Code, an "authorized control level event" is any of the following events:(1) The filing of an RBC report by a health insuring corporation that indicates that the health insuring corporation's total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC;(2) The notification by the superintendent of insurance to a health insuring corporation of an adjustment to the health insuring corporation's RBC report, which adjusted RBC report shows the health insuring corporation's total adjusted capital within the range described in division (A)(1) of this section, provided that the health insuring corporation does not challenge the adjusted RBC report under section 1753.37 of the Revised Code;(3) The notification by the superintendent to a health insuring corporation, following the hearing required under section 1753.37 of the Revised Code, that the superintendent has rejected the health insuring corporation's challenge to an adjusted RBC report showing the health insuring corporation's total adjusted capital within the range described in division (A)(1) of this section;(4) The failure of a health insuring corporation to respond, in a manner satisfactory to the superintendent, to a corrective order issued under division (B)(3) of section 1753.34 of the Revised Code, provided that the health insuring corporation does not challenge the corrective order under section 1753.37 of the Revised Code;(5) The failure of a health insuring corporation to respond, in a manner satisfactory to the superintendent, to a corrective order issued under division (B)(3) of section 1753.34 of the Revised Code subsequent to the superintendent's modification of an earlier order or the superintendent's rejection of the health insuring corporation's challenge of the order under section 1753.37 of the Revised Code.(B) In the case of an authorized control level event, the superintendent shall do the following:(1) Take the actions required under section 1753.34 of the Revised Code for regulatory action level events;(2) If the superintendent considers it to be in the best interests of the subscribers and creditors of the health insuring corporation and of the public, take such actions as are necessary to place the health insuring corporation under regulatory control under sections 3903.01 to 3903.59 of the Revised Code. The authorized control level event shall be deemed sufficient grounds for the superintendent to take action under sections 3903.01 to 3903.59 of the Revised Code. Nothing in sections 1753.31 to 1753.43 of the Revised Code shall impair or restrict the rights, powers, and protections afforded to the superintendent and to health insuring corporations under sections 3903.01 to 3903.59 of the Revised Code.
Ohio Rev Code § 1753.36 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.36 | Mandatory Control Level Event.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|(A) For purposes of sections 1753.31 to 1753.43 of the Revised Code, a "mandatory control level event" is any of the following events:(1) The filing of an RBC report by a health insuring corporation that indicates that the health insuring corporation's total adjusted capital is less than its mandatory control level RBC;(2) The notification by the superintendent of insurance to a health insuring corporation of an adjustment to the health insuring corporation's RBC report, which adjusted RBC report shows the health insuring corporation's total adjusted capital at less than its mandatory control level RBC, provided the health insuring corporation does not challenge the adjusted RBC report under section 1753.37 of the Revised Code;(3) The notification by the superintendent to the health insuring corporation, following the hearing required under section 1753.37 of the Revised Code, that the superintendent has rejected the health insuring corporation's challenge to an adjusted RBC report.(B) In the case of a mandatory control level event, the superintendent shall take such actions as are necessary to place the health insuring corporation under regulatory control under sections 3903.01 to 3903.59 of the Revised Code. The mandatory control level event shall be deemed sufficient grounds for the superintendent to take action under sections 3903.01 to 3903.59 of the Revised Code. Nothing in sections 1753.31 to 1753.43 of the Revised Code shall impair or restrict the rights, powers, and protections afforded to the superintendent and to health insuring corporations under sections 3903.01 to 3903.59 of the Revised Code. However, the superintendent may defer action under this division for up to ninety days after the mandatory control level event if the superintendent finds that there is a reasonable expectation the health insuring corporation may be able to eliminate the conditions leading to the mandatory control level event within the ninety-day period.
Ohio Rev Code § 1753.37 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.37 | Right to Confidential Hearing - Request for Hearing - Challenge to Determination or Action.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|(A) A health insuring corporation has the right to a confidential hearing upon receiving any of the following from the superintendent of insurance:(1) An adjusted RBC report;(2) Notification that the health insuring corporation's RBC plan or revised RBC plan is unsatisfactory and a statement that the notification constitutes a regulatory action level event for the health insuring corporation;(3) Notification that the superintendent has determined that the health insuring corporation has failed to adhere to its RBC plan or revised RBC plan, which failure has a substantial adverse effect on the ability of the health insuring corporation to eliminate the conditions leading to a company action level event in accordance with its RBC plan or revised RBC plan;(4) A corrective order issued under division (B)(3) of section 1753.34 of the Revised Code.(B) A health insuring corporation shall notify the superintendent of its request for a hearing within five days after its receipt of any item listed in division (A) of this section. Upon the superintendent's receipt of the health insuring corporation's request for a hearing, the superintendent shall set a date for the hearing, which date shall be no less than ten days and no more than thirty days after the superintendent's receipt of the health insuring corporation's request.(C) A health insuring corporation may challenge any determination or action taken by the superintendent under sections 1753.31 to 1753.43 of the Revised Code at the hearing held pursuant to this section.
Ohio Rev Code § 1753.39 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.39 | Foreign Health Insuring Corporation.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|(A) Each foreign health insuring corporation shall submit to the superintendent of insurance, upon receiving the superintendent's written request, an RBC report for the calendar year just ended. The health insuring corporation shall submit the RBC report to the superintendent no later than the later of:(1) The date a domestic health insuring corporation would be required to file an RBC report under section 1753.32 of the Revised Code;(2) Fifteen days after the superintendent's request is received by the foreign health insuring corporation.(B) Each foreign health insuring corporation shall, upon receiving the superintendent's written request, promptly submit to the superintendent a copy of any RBC plan or revised RBC plan filed with the insurance regulatory authority of any other state.(C) The superintendent may require a foreign health insuring corporation to file an RBC plan with the superintendent in the case of a company action level event, regulatory action level event, or authorized control level event involving the foreign health insuring corporation, if the insurance regulatory authority of the state of domicile of the foreign health insuring corporation fails to require the foreign health insuring corporation to file an RBC plan in the manner specified under that state's RBC laws, if any. The failure of a foreign health insuring corporation to file an RBC plan or revised RBC plan with the superintendent as required shall be grounds for the superintendent to order the health insuring corporation to cease and desist from writing new business in this state.(D) In the case of a mandatory control level event involving a foreign health insuring corporation, if no domiciliary receiver has been appointed for the foreign health insuring corporation under the rehabilitation and liquidation laws applicable in the state of domicile of the foreign health insuring corporation, the superintendent may make application to the court of common pleas as permitted in sections 3903.50 to 3903.59 of the Revised Code for an order directing the superintendent to liquidate the property of the foreign health insuring corporation found in this state. The occurrence of the mandatory control level event shall be deemed sufficient grounds for the superintendent to make application to the court.
Ohio Rev Code § 1753.40 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.40 | Immunity.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|There shall be no liability on the part of, and no cause of action shall arise against, the superintendent of insurance, or the department of insurance, its employees, or its agents, for any action taken in their performance of the powers and duties under sections 1753.31 to 1753.43 of the Revised Code.
Ohio Rev Code § 1753.41 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.41 | When Notices Are Effective.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|Unless otherwise provided, all notices sent to a health insuring corporation by the superintendent of insurance that may result in regulatory action under sections 1753.31 to 1753.43 of the Revised Code shall be effective upon dispatch if transmitted by registered or certified mail. Any other notice transmitted shall be effective upon the health insuring corporation's receipt of the notice.
Ohio Rev Code § 1753.42 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.42 | Requirements for Exemption of Domestic Corporation.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|The superintendent of insurance may exempt any domestic health insuring corporation from the application of sections 1753.31 to 1753.43 of the Revised Code, if the health insuring corporation meets all of the following requirements:(A) The health insuring corporation writes direct business in this state only.(B) The health insuring corporation assumes no reinsurance in excess of five per cent of direct premium written.(C) The health insuring corporation either:(1) Writes direct annual premiums of two million dollars or less for basic health care services;(2) Covers less than two thousand enrollees under policies, contracts, certificates, or agreements for supplemental health care services.
Ohio Rev Code § 1753.43 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1753 | Physician-Health Plan Partnership Act; Risk-Based Capital for Insurers Model Act|Section 1753.43 | Rules.

Effective: March 15, 2001|Latest Legislation:  House Bill 714 - 123rd General Assembly|The superintendent of insurance may adopt rules in accordance with Chapter 119. of the Revised Code as are reasonably necessary for the implementation and operation of sections 1753.31 to 1753.43 of the Revised Code.
Ohio Rev Code § 1761.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.03 | General Purposes of Corporation.

Effective: September 27, 2002|Latest Legislation:  House Bill 506 - 124th General Assembly|The general purposes of a credit union share guaranty corporation are:(A) To guarantee payment of all or a part of participating credit union share accounts of an individual member or, as described in division (B)(2) of section 1761.02 of the Revised Code, a nonmember of a participating credit union, subject to any express limitations as provided in this chapter;(B) To aid and assist any participating credit union that is in liquidation or incurs financial difficulty in order that the credit union share accounts are protected or guaranteed against loss;(C) To cooperate with participating credit unions, the superintendent of credit unions, the appropriate credit union supervisory authorities, and the national credit union administration for the purpose of advancing the general welfare of credit unions in this state and in other states where participating credit unions operate.
Ohio Rev Code § 1761.04 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.04 | Regulation - Fees.

Effective: September 29, 2011|Latest Legislation:  House Bill 153 - 129th General Assembly|(A) The licensing and operation of a credit union share guaranty corporation is subject to the regulation of the superintendent of insurance pursuant to Chapters 3901., 3903., 3905., 3925., 3927., 3929., 3937., 3941., and 3999. of the Revised Code to the extent such laws are otherwise applicable and are not in conflict with this chapter. (B) A credit union share guaranty corporation shall pay, by the fifteenth day of April of each year, to the superintendent of credit unions, an annual fee of one-half of one per cent of its guarantee fund as shown by the corporation's last annual financial report, but in no event shall such payment exceed twenty-five thousand dollars in any calendar year.(C) In addition to the specific powers and duties given the superintendent of insurance and the superintendent of credit unions under this chapter, the superintendents may independently, pursuant to Chapter 119. of the Revised Code, adopt, amend, and rescind such rules as are necessary to implement the requirements of this chapter.
Ohio Rev Code § 1761.09 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1761 | Credit Union Guaranty Corporations|Section 1761.09 | Guarantees for Share Accounts.

Effective: March 23, 2015|Latest Legislation:  House Bill 652 - 130th General Assembly|(A) Each credit union share account of an individual member or, as described in division (B)(2) of section 1761.02 of the Revised Code, a nonmember of a participating credit union shall be guaranteed in amounts established from time to time by the credit union share guaranty corporation. Such primary guaranteed amount shall not be less than the amount of the credit union share account but, in no event, shall exceed two hundred fifty thousand dollars or the primary guaranteed amount insured by the national credit union administration, whichever is greater.(B) In addition to the primary guaranteed amount, the corporation may establish an excess coverage guarantee for the benefit of those participating credit unions that voluntarily elect to obtain such additional guarantee.(C) The guarantees provided pursuant to this chapter do not apply to credit union share accounts until the credit union has applied for and been admitted as a participating credit union, and cease to apply to the share accounts of any credit union upon the later of any of the following:(1) The termination of the credit union's participation in the corporation pursuant to section 1761.12 of the Revised Code;(2) The completion of the liquidation of the credit union;(3) The withdrawal of the credit union from participation in the corporation.