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§ 221.10-A. Hearings

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 1. Insurance Department (Refs & Annos)
Article V-a. Risk-Based Capital Requirements (Refs & Annos)
40 P.S. § 221.10-A
§ 221.10-A. Hearings
Currentness
(a) The insurer shall have the right to a confidential departmental hearing at which the insurer may challenge a determination or action by the commissioner upon one or more of the following events:
(1) Issuance of a final order by the commissioner accepting an adjusted RBC report under section 502-A(c).1
(2) Notification to an insurer by the commissioner of a corrective order with respect to the insurer.
(b) The insurer shall notify the commissioner of the insurer's request for a hearing under this section within five days after the action or notification by the commissioner under subsection (a). 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 ten days nor more than thirty days after the date of the insurer's request.

Credits

1921, May 17, P.L. 789, No. 285, § 510-A, added 1997, June 25, P.L. 349, No. 40, § 1, imd. effective.

Footnotes

1
40 P.S. § 221.2-A(c).
40 P.S. § 221.10-A, PA ST 40 P.S. § 221.10-A
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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