What must occur within 15 days after receiving a written notification from the commissioner?

The correct answer is that a hearing must be held within 15 days after receiving a written notification from the commissioner. In Michigan, as part of the regulatory framework for insurance producers, specific timelines are established to ensure that matters requiring attention and response from an insurance producer are handled expediently.

The requirement for a hearing to be held within this timeframe ensures due process and allows the affected party an opportunity to present their case or respond to any issues raised by the commissioner. This protects the interests of both the regulatory body and the producer, establishing a clear procedural mechanism for addressing concerns and maintaining compliance within the insurance industry.

Other options, such as submitting an application, paying fines, or generating a report, are not mandated to occur within the 15-day period following written notification. Each of those actions might have their own respective deadlines or procedures but are not specifically tied to an immediate requirement as a hearing is. The emphasis on the hearing signifies the importance of addressing regulatory matters swiftly to uphold the integrity of credit insurance practices.