Commencement of proceedings despite lack of notice to insurer.

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58-29B-5. Commencement of proceedings despite lack of notice to insurer.

Delinquency proceedings pursuant to this chapter may be commenced by the director at any time, regardless of whether notice to an insurer has been given concerning impairment of capital or assets as provided in §58-5-114.

Source: SL 1989, ch 436, §5.


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