Nothing in this chapter precludes the director or his designee from initiating judicial proceedings to place an insurer in conservation, rehabilitation, or liquidation or other delinquency proceedings, however designated under the laws of this State, regardless of whether the director or his designee previously has initiated administrative supervision proceedings under this chapter against the insurer.
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.