At any time after approval, the Board may review any policy, plan of insurance, related material, and rates of premium approved under this subpart and request additional information to determine whether the policy, plan of insurance, related material, and rates of premium comply with statutory or regulatory changes or court orders, are still actuarially appropriate, and protect program integrity and the interests of producers. The Board will notify the applicant of any problem or issue that may arise and allow the applicant an opportunity to make any needed change. The Board may deny reinsurance for the applicable policy, plan of insurance or rate of premium if the applicant:
(a) Fails to perform the responsibilities stated under Sec. 400.709(a); or
(b) Does not satisfactorily provide materials or resolve any issue so that necessary changes can be made prior to the earliest contract change date. [70 FR 44240, Aug. 2, 2005]