The superintendent's notices to an insurer or health organization pursuant to the Risk-Based Capital Act shall be effective upon mailing by certified mail or, in the case of any other mode of transmission, shall be effective upon the insurer's or health organization's receipt.
History: 1978 Comp., § 59A-5A-13, enacted by Laws 1995, ch. 149, § 13; 2014, ch. 59, § 11.
ANNOTATIONSThe 2014 amendment, effective July 1, 2014, subjected health organizations to the Risk-Based Capital Act; after "notices to an insurer", added "or health organization", and after "upon the insurer's", added "or health organization's".
Severability. — Laws 2014, ch. 59, § 12 provided that if any part or application of the provisions of the Risk-Based Capital Act is held invalid, the remainder or its application to other situations or persons shall not be affected.