Alaska Statutes: AS 21.14.080. Hearings.

Alaska Statutes. Title 21. Insurance Chapter 14. Risk Based Capital For Insurers Section 80. Hearings.

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AS 21.14.080. Hearings.

   (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.

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