Sec. 2.2. (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.
As added by P.L.96-2016, SEC.35.
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