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insurer is licensed to conduct the business of insurance, and such | | filing is subject to the laws of the states where filed. |
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| | | 2.__Commission to establish filing and review processes.__The | | commission shall establish appropriate filing and review | | processes and procedures pursuant to commission rules and | | operating procedures.__Notwithstanding any other provision of | | this chapter, the commission shall promulgate rules to establish | | conditions and procedures for providing public access to product | | filing information.__In establishing such rules, the commission | | shall consider the interests of the public in having access to | | such information, as well as protection of personal medical and | | financial information and trade secrets that may be contained in | | a product filing or supporting information. |
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| | | 3.__Product approved by commission may be sold in certain | | compacting states.__Any product approved by the commission may be | | sold or otherwise issued in those compacting states in which the | | insurer is legally authorized to do business. |
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| | | §2482.__Review of commission decisions regarding filings -- |
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| | | 1.__Appeal to review panel appointed by commission.__Not later | | than 30 days after the commission has given notice of a | | disapproved product or advertisement filed with the commission, | | 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. |
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| | | 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. |
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| | | §2483.__Finance -- Article 12 |
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| | | 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 |
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