Section 13-23-9-2.2 - Approval or denial of corrective action plan(a) The commissioner shall approve or deny a corrective action plan according to section 1.5(a)(2)(B) of this chapter not more than ninety (90) days after receiving the plan.(b) If the commissioner does not approve or deny a corrective action plan within the period allowed under subsection (a), the administrator shall pay from the ELTF the costs incurred by the claimant in developing the corrective action plan.(c) If: (1) a corrective action plan is submitted under section 1.5(a)(2)(B) of this chapter;(2) the commissioner denies the corrective action plan but allows the claimant to amend and resubmit the corrective action plan; and(3) the commissioner then approves the corrective action plan because of the amendments; the administrator shall pay from the ELTF the costs incurred by the claimant in amending and resubmitting the corrective action plan.
Added by P.L. 96-2016, SEC. 35, eff. 7/1/2016.