Sec. 21.14.080. Hearings.
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Sec. 21.14.080. Hearings.
(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.