§ 26-48-207 — Hearings

Wyoming § 26-48-207

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 48: RISK-BASED CAPITAL

Text

(a) A health organization shall have the right to an
administrative hearing, on a record, at which the health
organization may challenge any of the following determinations
or actions by the commissioner:
(i) Notification to a health organization by the
commissioner of an adjusted RBC report;
(ii) Notification to a health organization by the
commissioner that:
(A) The health organization's RBC plan or
revised RBC plan is unsatisfactory; and
(B) The notification constitutes a regulatory
action level event with respect to the health organization.
(iii) Notification to any health organization by the
commissioner that 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 with
respect to the health organization in accordance with its RBC
plan or revised RBC plan; or
(iv) Notification to a health organization by the
commissioner of a corrective order with respect to the health
organization.
(b) A health organization seeking a hearing under this
section shall notify the commissioner of its request for a
hearing within five (5) days after the notification by the
commissioner under 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 ten (10) nor more than thirty (30) days after the date
of receipt of the health organization's request.