Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title38a Insurance Department |
SubTitle38a-193-1_38a-193-13. Risk-Based Capital Requirements For Health Care Centers |
Sec.38a-193-7. Hearings
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The health care center shall have the right to a departmental hearing, on a record, at which the health care center may challenge any determination or action by the commissioner upon:
(1) Notification to a health care center by the commissioner of an adjusted RBC report;
(2) notification to a health care center by the commissioner that the health care center's RBC plan or revised RBC plan is unsatisfactory; and Notification constitutes a Regulatory Action Level Event with respect to the health care center;
(3) notification to a health care center by the commissioner that the health care center 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 care center to eliminate the Company Action Level Event with respect to the health care center in accordance with its RBC plan or revised RBC plan; or
(4) notification to a health care center by the commissioner of a corrective order with respect to the health care center.
(Adopted effective January 31, 2000)