| | |
the insurer or 3rd-party filer whose filing was disapproved may | | appeal the determination to a review panel appointed by the | | commission.__The commission shall promulgate rules to establish | | procedures for appointing a review panel and provide for notice and | | hearing.__An allegation that the commission, in disapproving a | | product or advertisement filed with the commission, acted | | arbitrarily, capriciously or in a manner that is an abuse of | | discretion or otherwise not in accordance with the law is subject | | to judicial review in accordance with section 2474, subsection 5. |
|
| | | 2.__Commission may monitor, review and reconsider.__The | | commission has authority to monitor, review and reconsider | | products and advertisements subsequent to their filing or | | approval upon a finding that the product does not meet the | | relevant uniform standard.__Where appropriate, the commission may | | withdraw or modify its approval after proper notice and hearing, | | subject to the appeal process in subsection 1. |
|
| | | §2483.__Finance -- Article 12 |
|
| | | 1.__Commission shall fund its establishment and organization.__ | | The commission shall pay or provide for the payment of the | | reasonable expenses of its establishment and organization.__To | | fund the cost of its initial operations, the commission may | | accept contributions and other forms of funding from the National | | Association of Insurance Commissioners, compacting states and | | other sources.__Contributions and other forms of funding from | | other sources must be of such a nature that the independence of | | the commission concerning the performance of its duties is not | | compromised. |
|
| | | 2.__Commission shall collect filing fee.__The commission shall | | collect a filing fee from each insurer and 3rd-party filer filing | | a product with the commission to cover the cost of the operations | | and activities of the commission and its staff in a total amount | | sufficient to cover the commission's annual budget. |
|
| | | 3.__Notice and comment for budget approval.__The commission's | | budget for a fiscal year may not be approved until it has been | | subject to notice and comment as set forth in section 2478. |
|
| | | 4.__Commission exempt from taxation.__The commission is exempt | | from all taxation in and by the compacting states. |
|
| | | 5.__Commission authority to pledge credit of compacting state | | limited.__The commission may not pledge the credit of any | | compacting state, except by and with the appropriate legal | | authority of that compacting state. |
|
|