§ 27-1-3.1-12 — Orders; findings and conclusions; appeal; hearing

Indiana § 27-1-3.1-12

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 3.1: Examinations

Text

(a) All orders entered under section 11(a)
of this chapter shall be accompanied by findings and conclusions
resulting from the commissioner's consideration and review of the
examination report, relevant examiner workpapers, and any written
submissions or rebuttals.
(b) Any order entered under section 11(a) of this chapter shall be
considered a final administrative decision that may be appealed under
IC 4-21.5-5, and shall be served upon the company by certified mail,
together with a copy of the adopted examination report. Within thirty
(30) days of the issuance of the adopted report, the company shall file
an affidavit stating that each director has received a copy of the
adopted report and related orders.
(c) Any hearing conducted under section 11(a)(3) of this chapter by
the commissioner or an authorized representative shall be conducted
as a nonadversarial confidential investigatory proceeding as necessary
for the resolution of any inconsistencies, discrepancies, or disputed
issues apparent upon the face of the filed examination report or raised
by or as a result of the commissioner's review of relevant workpapers
or by the written submission or rebuttal of the company. Within twenty
(20) days of the conclusion of the hearing, the commissioner shall enter
an order under section 11 of this chapter.

Legislative History

As added by P.L.26-1991, SEC.5. Amended by P.L.130-1994, SEC.10; P.L.116-1994, SEC.14.