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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.14.080. Hearings - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-14-080/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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