South Carolina Statutes
§ 38-27-950 — Ancillary summary proceedings.
The director or his designee in his sole discretion may institute proceedings under Sections 38-27-220 and 38-27-230 at the request of the commissioner or other appropriate insurance official of the domiciliary state of a foreign or an alien insurer having property located in this State.
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South Carolina § 38-27-950 (Ancillary summary proceedings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-5-2450 [1982 Act No. 384, SECTION 54] recodified as SECTION 38-27-950 by 1987 Act No. 155, SECTION 1; 1991 Act No. 13, SECTION 25; 1993 Act No. 181, SECTION 630.
Nearby Sections
15
§ 38-27-10
Short title.§ 38-27-1000
Subordination of claims for noncooperation.§ 38-27-20
Construction.§ 38-27-220
Court's seizure order.§ 38-27-230
Confidentiality of hearings.§ 38-27-30
Purpose.§ 38-27-310
Grounds for rehabilitation.§ 38-27-320
Rehabilitation orders.§ 38-27-330
Powers and duties of rehabilitator.§ 38-27-340
Actions by and against rehabilitator.§ 38-27-350
Termination of rehabilitation.§ 38-27-360
Grounds for liquidation.§ 38-27-370
Liquidation orders.