(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 Alaska Stat. § 21.06.180 – 21.06.240.
Terms Used In Alaska Statutes 21.14.080
action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
(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 Alaska Stat. § 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.
