When a cease and desist order is served, within how many days must the Director issue notice that a hearing is to be held?

When a cease and desist order is served, the Director is required to issue notice of a hearing within 20 to 30 days. This timeframe is significant because it ensures that the affected party has a prompt opportunity to challenge the order and present their case. The requirement for a timely hearing is rooted in due process principles, which aim to provide fair treatment under the law. By having this specific period within which the Director must act, the process promotes transparency and accountability in regulatory actions. Adhering to this timeline also helps maintain effective oversight of compliance matters in the insurance industry.