Ins. Code, § 739.7 · Article 4.1. Risk-Based Capital for Insurers
Ins. Code, § 739.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Upon any of the events described in subdivision (a), (b), (c), or (d), the insurer shall have the right to a departmental hearing, on the record, 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 subdivision (a), (b), (c), or (d). Upon receipt of the insurer’s request for a hearing, the commissioner shall set a date for the hearing, which date shall be no less than 10 nor more than 30 days after the date of the insurer’s request.
(a) Notification to an insurer by the commissioner of an Adjusted RBC Report.
(b) Notification to an insurer by the commissioner that:
(1) The insurer’s RBC Plan or Revised RBC Plan is unsatisfactory.
(2) That notification constitutes a Regulatory Action Level Event with respect to the insurer.
(c) Notification to any insurer by the commissioner that the insurer has failed to adhere to its RBC Plan or Revised RBC 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 RBC Plan or Revised RBC Plan.
(d) Notification to an insurer by the commissioner of a Corrective Order with respect to the insurer.
Notes and commentary — not statutory text
History
Added by Stats. 1996, Ch. 708, Sec. 1. Effective January 1, 1997.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=739.7.
- Text hash
- sha256 3c3e4ba5b53b0fa4ea274b485f378e97235f77a13bc8ee06e35410a897dce7cc
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 4 provisions
Provisions in this library whose text cites Ins. Code, § 739.7. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.