SECTION 310:657-33-2. Notice of exercise of powers

Latest version.

A Plan shall file notice and supporting information with the Department before the exercise of any power under OAC 310:657-33. The Commissioner shall disapprove an exercise of power if it will affect the Plan's financial soundness and endanger its ability to meet its obligations. The Commissioner shall have no more than thirty (30) days to act on the notice.

[Source: Added at 12 Ok Reg 2977, eff 6-16-95 (emergency); Added at 13 Ok Reg 2127, eff 6-13-96]

                    
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