(a) A health organization may request a confidential department hearing, on a record, to challenge a determination or action if the Commissioner notifies it of the following:
(1) An adjusted RBC report;
(2)(A) The health organization’s RBC plan or revised RBC plan is unsatisfactory; and
(B) The notification constitutes a Regulatory Action Level Event;
(3) The health organization has failed to adhere to its RBC plan or revised RBC plan and that the failure has a substantial adverse effect on the ability of the health organization to eliminate the Company Action Level Event in accordance with its RBC plan or revised RBC plan; or
(4) A corrective order.
(b) The health organization shall notify the Commissioner of its request for a hearing within 5 days after a notification described in subsection (a) of this section. Upon receipt of the health organization’s request for a hearing, the Commissioner shall set a date for the hearing, which shall be no less than 10, or more than 30, days after the date of the health organization’s request.
(June 18, 2003, D.C. Law 14-312, § 107, 50 DCR 306.)
2001 Ed., § 31-3851.07.
This section is referenced in § 31-3451.01, § 31-3451.03, and § 31-3451.04.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 34A - Health Organizations RBC
§ 31–3451.03. Company Action Level Event
§ 31–3451.04. Regulatory Action Level Event
§ 31–3451.05. Authorized Control Level Event
§ 31–3451.06. Mandatory Control Level Event
§ 31–3451.08. Confidentiality; prohibition on announcements; prohibition on use in rate making
§ 31–3451.09. Foreign health organizations