{"data":{"id":"us-me/24-a-m.r.s.-6457","jurisdiction":"us-me","citation":"24-A M.R.S. §6457","heading":"Hearings","body":"1.  Right to hearing.  An insurer has the right to a departmental hearing, on record, at which the insurer may challenge any determination or action by the superintendent upon:\nA.  Notification to an insurer by the superintendent of an adjusted risk-based capital report;\nB.  Notification to an insurer by the superintendent that:\n(1)  The insurer's risk-based capital plan or revised risk-based capital plan is unsatisfactory; and\n(2)  That notification constitutes a regulatory action level event with respect to the insurer;\nC.  Notification to any insurer by the superintendent that the insurer has failed to adhere to its risk-based capital plan or revised risk-based capital plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its risk-based capital plan or revised risk-based capital plan; or\nD.  Notification to an insurer by the superintendent of a corrective order with respect to the insurer.\nThe insurer must notify the superintendent of its request for a hearing within 5 days after the notification by the superintendent under paragraph A, B, C or D.  Upon receipt of the insurer's request for a hearing, the superintendent shall set a date for the hearing, which may not be less than 10 or more than 30 days after the date of the insurer's request.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 79: RISK-BASED CAPITAL STANDARDS"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec6457.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"fbe2e8c97b964561c2e731e659ace171c70479c49f1d5c01e720b1ef586ab6fd","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-6456","next":"us-me/24-a-m.r.s.-6458"},"notice":"GroundRules: Original legal text. Not legal advice."}