Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-103 - CONDUCT OF EXAMINATIONS AND FILING OF REPORTS OF EXAMINATION
Section 482-1-103-.04 - Examination Reports

Universal Citation: AL Admin Code R 482-1-103-.04

Current through Register Vol. 43, No. 02, November 27, 2024

(1) No later than sixty (60) days following completion of the examination, the examiner in charge shall file with the Chief Examiner a verified report of examination under oath. Upon receipt of the verified report, the Chief Examiner shall transmit a copy of the report to the person examined, together with a notice which shall afford the examinee thirty (30) days to make a written submission or rebuttal with respect to any matters contained in the examination report. The written submission by the examinee shall specify any item or items to which the examinee objects, including any affected page numbers of the report if necessary.

(2) Within thirty (30) days of the end of the period allowed for the receipt of written submissions or rebuttals, the commissioner will fully consider and review the report, together with any written submissions or rebuttals, and any relevant portions of the examiners' work papers and will enter an order doing one of the following:

(a) Adopting the examination report as filed or with modifications or corrections. If the examination report reveals that the company is operating in violation of any law, regulation, or prior order of the commissioner, the commissioner may order the company to take any action the commissioner considers necessary and appropriate to cure the violation.

(b) Rejecting the examination report with directions to the examiners to reopen the examination for purposes of obtaining additional data, documentation, or information, and refiling pursuant to Paragraph (1) above.

(c) Calling for an investigatory hearing for purposes of obtaining additional documentation, data, information, and testimony

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, § 27-2-17.

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