(215 ILCS 5/35A-35)
(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.
(Source: P.A. 90-794, eff. 8-14-98