Illinois § 35A-35 Hearings

Illinois Statutes

§ 35A-35 — Hearings

Illinois § 35A-35

JurisdictionIllinois

TopicREGULATION

Ch. 215INSURANCE

Act 215 ILCS 5/Illinois Insurance Code.

Art.Article IIA - Risk-Based Capital

This text of Illinois § 35A-35 (Hearings) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

215 Ill. Comp. Stat. 35A-35 (2026).

Text

(a)An insurer has the right to an administrative hearing with respect to any of the following:

(1)The notification by the Director to the insurer of an Adjusted RBC Report.

(2)The notification by the Director to the insurer that the insurer's RBC Plan or Revised RBC Plan is unsatisfactory and that the notification constitutes a regulatory action level event.

(3)The notification by the Director to the insurer that the insurer 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 insurer to eliminate the company action level event in accordance with its RBC Plan or Revised RBC Plan.

(b)At the administrative hearing, the insurer may challenge any determination or action by the Director. The insurer shall notif

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(a) An insurer has the right to an administrative hearing with respect to any of the following: (1) The notification by the Director to the insurer of an Adjusted RBC Report. (2) The notification by the Director to the insurer that the insurer's RBC Plan or Revised RBC Plan is unsatisfactory and that the notification constitutes a regulatory action level event. (3) The notification by the Director to the insurer that the insurer 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 insurer to eliminate the company action level event in accordance with its RBC Plan or Revised RBC Plan. (b) At the administrative hearing, the insurer may challenge any determination or action by the Director. The insurer shall notify the Director of its request for a hearing within 5 days after notification by the Director made under subsection (a). Upon receipt of the insurer's request for a hearing, the Director shall set a date for the hearing. The hearing shall be held no fewer than 10 days and no more than 30 days after the date of the insurer's request for the hearing.