§ 27-2-38 — Order of Supervision - Notice and Hearing as to Issuance

No order of supervision shall be issued by the commissioner until the insurance company has been given notice of the commissioner’s intentions to place the company under supervision, the appropriate reasons for supervision set out in Section 27-2-33 and a hearing held thereon. The notice and hearing shall conform to the requirements set forth in Sections 27-2-26 through 27-2-31.

Legislative History

(Acts 1977, No. 409, p. 547, §2.)