(a) An insurer may request a hearing to challenge an action of the director or request a stay of the director's action as provided under AS 21.06.180 - 21.06.240.
(b) An insurer shall request a hearing under (a) of this section within 15 days after the director's notice of
(1) an adjusted risk based capital report under AS 21.14.010 ;
(2) an unsatisfactory risk based capital plan or revised risk based capital plan;
(3) a regulatory action level event based on an unsatisfactory risk based capital plan or revised risk based capital plan;
(4) the insurer's failure to adhere to its risk based capital plan or revised risk based capital plan and the failure has a substantial adverse effect on the insurer's ability to eliminate the company action level event in accordance with its plan or revised plan; or
(5) a corrective order applicable to the insurer.
Section: Previous 21.14.015 21.14.020 21.14.030 21.14.040 21.14.050 21.14.060 21.14.070 21.14.080 21.14.090 21.14.100 21.14.110 21.14.120 21.14.130 21.14.200 NextLast modified: November 15, 2016