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Current as of January 01, 2023 | Updated by FindLaw Staff
(a) Upon notification to an insurer by the commissioner of an adjusted RBC report; or
(b) upon notification to an insurer by the commissioner that:
(1) The insurer's RBC plan or revised RBC plan is unsatisfactory; and
(2) such notification constitutes a regulatory action level event with respect to such insurer; or
(c) upon notification to any insurer by the commissioner that the insurer has failed to adhere to its RBC plan or revised RBC plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its RBC plan or revised RBC plan; or
(d) upon notification to an insurer by the commissioner of a corrective order with respect to the insurer,
the insurer shall have the right to a hearing under the Kansas administrative procedure act, at which the insurer may challenge any determination or action by the commissioner. The insurer shall notify the commissioner of its request for a hearing within five days after the notification by the commissioner under subsections (a), (b), (c) or (d). Upon receipt of the insurer's request for a hearing, the commissioner shall set a date for the hearing, which date shall be no less than 10 nor more than 30 days after receipt of the insurer's request. Such hearing shall be governed by K.S.A. 77-513 through 77-532, and amendments thereto.
Cite this article: FindLaw.com - Kansas Statutes Chapter 40. Insurance § 40-2c19. Hearing under Kansas administrative procedure act - last updated January 01, 2023 | https://codes.findlaw.com/ks/chapter-40-insurance/ks-st-sect-40-2c19/
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 or via Westlaw before relying on it for your legal needs.
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