Question

If the Commissioner has reason to believe that a person or insurer has violated the Insurance Code, the Commissioner may set a hearing. The notice of hearing must be given how many days in advance?

1) 10 days
2) 15 days
3) 30 days
4) 7 days

Answer 1

The notice of hearing for a violation of the Insurance Code must be given 30 days in advance.

Step-by-step explanation:

The subject of this question is Law as it pertains to the Insurance Code and the actions of the Commissioner.

If the Commissioner has reason to believe that a person or insurer has violated the Insurance Code, and the Commissioner may set a hearing to address the violation. In such a case, the notice of the hearing must be given 30 days in advance.

Therefore, the correct answer to the question is 3) 30 days.