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Current as of January 01, 2023 | Updated by Findlaw Staff
An insurer may make written demand for an administrative hearing, pursuant to the provisions of Chapter 12 of this Title, within thirty days after receipt of notification by the department of one of the following:
(1) Notification to an insurer by the department of an adjusted risk-based capital report.
(2) Notification to an insurer by the department that:
(a) The insurer's risk-based capital plan or revised risk-based capital plan is unsatisfactory.
(b) Such notification constitutes a regulatory-action level event with respect to such insurer.
(3) Notification to an insurer by the department that the insurer has failed to adhere to its risk-based capital plan or revised risk-based capital 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 risk-based capital plan or revised risk-based capital plan.
(4) Notification to an insurer by the department of a corrective order for the insurer.
Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 22, § 617. Hearings; administrative - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-22-sect-617/
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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