{"data":{"id":"us-nc/n.c.-gen.-stat.-58-12-30","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-12-30","heading":"Hearings.","body":"Upon (i) notification to an insurer by the Commissioner of an adjusted risk-based capital report; or (ii) notification to an insurer by the Commissioner that the insurer's risk-based capital plan or revised risk-based capital plan is unsatisfactory, and the notification constitutes a regulatory action level event with respect to the insurer; or (iii) notification to any insurer by the Commissioner that the insurer has failed to adhere to its risk-based capital plan or revised risk-based capital plan and that the 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 (iv) notification to an insurer by the Commissioner of a corrective order with respect to the insurer, the insurer has a right to a confidential hearing, at which the insurer may challenge any determination or action by the Commissioner. The insurer shall notify the Commissioner of its request for a hearing within five days after the notification by the Commissioner under this section. Upon receipt of the insurer's request for a hearing, the Commissioner shall set a date for the hearing; the date shall be no less than 10 days nor more than 30 days after the date of the insurer's request. (1993 (Reg. Sess., 1994), c. 678, s. 1; 1995, c. 517, s. 5.)","path":["Chapter 58. Insurance.","Article 12. Risk-Based Capital Requirements."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-12-30.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"a2e1282c68a7c9a01bbc20f57962502d74da8695ef9fd90a3a590159c6d0e0ca","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-12-25","next":"us-nc/n.c.-gen.-stat.-58-12-35"},"notice":"GroundRules: Original legal text. Not legal advice."}