During supervision the insurer may contest an action taken or proposed to be taken by the supervisor specifying the manner in which the action being complained of would not result in improving the condition of the insurer. Denial of the insurer's request upon reconsideration entitles the insurer to review under related regulation and the Administrative Procedures Act.
HISTORY: 1991 Act No. 13, Section 3; 1993 Act No. 181, Section 608.
Structure South Carolina Code of Laws
Chapter 26 - Administrative Supervision Of Insurers Act
Section 38-26-10. Short title.
Section 38-26-20. Definitions.
Section 38-26-30. Insurers to which chapter applies.
Section 38-26-40. Conditions warranting supervision; notification.
Section 38-26-50. Proceedings, hearings, notices, correspondence, reports and records.
Section 38-26-70. Contest of supervisor's action; right of review.
Section 38-26-80. Other proceedings not precluded.
Section 38-26-90. Meeting of director with supervisor.