215 ILCS 5/35A-60
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IIA - Risk-Based Capital

Sec. 35A-60. Phase-in of Article.(a) For RBC Reports filed  with  respect to  the December 31, 1993 annual statement, instead of the provisions of Sections  35A-15, 35A-20, 35A-25, and 35A-30,  the following provisions apply:(1) In the event of a company action level event, the     Director shall take no action under this Article.(2) In the event of a regulatory action level event     under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.(3) In the event of a regulatory action level event     under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.(4) In the event of a mandatory control level event,     the Director shall take the actions required under Section 35A-25.(b) For RBC Reports required to be filed by property and casualty  insurers with respect to the December 31, 1995 annual statement, instead of the  provisions of Sections 35A-15, 35A-20, 35A-25, and 35A-30,  the following provisions apply:(1) In the event of a company action level event with     respect to a domestic insurer, the Director shall take no regulatory action under this Article.(2) In the event of a regulatory action level event     under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.(3) In the event of a regulatory action level event     under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.(4) In the event of a mandatory control level event,     the Director shall take the actions required under Section 35A-25.(c) For RBC Reports required to be filed by health organizations with  respect to the December 31, 1999 annual statement and the December 31, 2000  annual statement, instead of the provisions of  Sections 35A-15, 35A-20, 35A-25, and 35A-30, the following provisions apply:(1) In the event of a company action level event with     respect to a domestic insurer, the Director shall take no regulatory action under this Article.(2) In the event of a regulatory action level event     under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.(3) In the event of a regulatory action level event     under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.(4) In the event of a mandatory control level event,     the Director shall take the actions required under Section 35A-25.This subsection does not apply to a health organization that provides or  arranges for a health care plan under which enrollees may access health care  services from contracted providers without a referral from their primary care  physician.Nothing in this subsection shall preclude or limit other powers or duties of  the Director under any other laws.(d) For RBC Reports required to be filed by fraternal benefit societies with respect to the December 31, 2013 annual  statement and the December 31, 2014 annual statement, instead  of the provisions of Sections 35A-15, 35A-20, 35A-25, and  35A-30, the following provisions apply:(1) In the event of a company action level event with     respect to a domestic insurer, the Director shall take no regulatory action under this Article.(2) In the event of a regulatory action level event     under paragraph (1), (2), or (3) of subsection (a) of Section 35A-20, the Director shall take the actions required under Section 35A-15.(3) In the event of a regulatory action level event     under paragraph (4), (5), (6), (7), (8), or (9) of subsection (a) of Section 35A-20 or an authorized control level event, the Director shall take the actions required under Section 35A-20.(4) In the event of a mandatory control level event,     the Director shall take the actions required under Section 35A-25.Nothing in this subsection shall preclude or limit other powers or duties of  the Director under any other laws. (Source: P.A. 100-201, eff. 8-18-17.)