40-403. Objection to statement of assessment;
hearing; notice of findings; compliance by company
A. Within fifteen days after the date of mailing a statement as provided in this
article, the corporation against which the statement is rendered may file with the
commission its objections thereto. Not less than five nor more than ten days after
giving notice thereof to the objector, the commission shall hold a hearing on the
objections.
B. If after the hearing the commission finds any part of the charge against the
objecting corporation excessive, erroneous, unlawful or invalid, it shall record its
findings upon its minutes and transmit to the objector, by registered mail, an amended
statement in accordance with the findings, which shall have the same force and effect as
an original statement. If the commission finds the entire statement unlawful or invalid,
it shall notify the objector, by registered mail, of such determination, and the original
statement shall be null and void. If the commission finds that the statement as rendered
is neither excessive, erroneous, unlawful nor invalid, in whole or in part, it shall
record such findings upon its minutes, and transmit notice thereof to the objector by
registered mail.
C. If a statement against which objections are filed is not paid within ten days
after mailing to the objector notice of a finding that the objections have been
disallowed, or in case an amended statement is not paid within ten days after a copy
thereof is mailed to the objector, the commission shall give notice of the delinquency to
the department of public safety and to the objector, and the department of public safety
shall proceed to make collection as provided in section 40-407.
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