How long does a respondent have to request a hearing after receiving a cease and desist order?

The correct duration for a respondent to request a hearing after receiving a cease and desist order is indeed 15 days. This timeframe is critical because it establishes the period during which the respondent can formally challenge the order. The intent behind this provision is to ensure that individuals or entities have a reasonable opportunity to address the allegations or actions taken against them while allowing regulatory authorities to enforce compliance effectively.

The 15-day window strikes a balance between providing sufficient time for respondents to prepare their case and maintaining regulatory efficiency. If a respondent fails to request a hearing within this period, they may lose the right to contest the order, which can lead to significant legal and operational consequences.

Understanding this timeline is essential for anyone involved in or studying life insurance regulations, as it underscores the importance of timely action in legal and regulatory matters.