Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.

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58-24-58. Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.

If, after a hearing, the director finds that any activity or practice of any group identified in §58-24-57 is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, the director may issue an order specifying in what respect the activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter and requiring the discontinuance of the activity or practice.

Source: SL 1966, ch 111, ch 15, §11 (2); SL 2014, ch 239, §19.


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