Upon notification:
the insurer shall have the right to a departmental hearing, on a record, at which the insurer may challenge any determination or action by the Commissioner. The insurer shall notify the Commissioner of its request for a hearing within five days after the notification by the Commissioner under this Code section. 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 nor more than 30 days after the date of the insurer’s request.
History. Code 1981, § 33-56-7 , enacted by Ga. L. 1996, p. 928, § 1.
Structure Georgia Code
Chapter 56 - Risk-Based Capital Levels
§ 33-56-2. Annual Risk-Based Capital Level Report Required; Computations
§ 33-56-5. Authorized Control Level Events; Actions by Commissioner
§ 33-56-6. Mandatory Control Level Events; Actions by Commissioner
§ 33-56-7. Notification to Insurer of Determination or Action by Commissioner; Right to Hearing
§ 33-56-8. Confidentiality of Certain Information and Corrective Orders
§ 33-56-10. Foreign Insurers; Responsibility of Domestic Insurers to Other States