R17-5-809. Insurance

Company Failure to Submit Required Data; Request for Hearing If a company fails to submit the data required under A.R.S. § 28- 4148, and this Article, the Department shall: 1. Send to the company, a dated written notice, which: a. Identifies the business week or reporting period in which the company did not submit the required information; b. Instructs the company to submit the information for the identified business week or reporting period within seven days of the date of the notice; c. Informs the company that a failure to respond to the Department’s request within the allotted time-frame, shall result in a referral of the matter to the Arizona Department of Insurance, under A.R.S. § 20-237, which may result in a civil penalty for each violation of up to $250 per day for each day the insurer is in violation of A.R.S. § 28-4148; and d. Provides notice of the company’s right to request a hearing with the Arizona Department of Insurance under A.R.S. § 20-237; and 2. Advise the Arizona Department of Insurance if the company fails to comply with the Department’s written notice provided under this Section.