(2) As soon as practicable (and in any event within
28 days) after receiving such a request, the administrator is to prepare a
written statement of reasons for the decision and provide it to the person who
requested the reasons.
(3) The statement of reasons is to set out the
following:
(a) the findings on material questions of fact, referring to the
evidence or other material on which those findings were based,
(b) the
administrator's understanding of the applicable law,