Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings.

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  5. Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings.

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58-5-119. Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings.

If the deficiency is not cured as required by §58-5-114, the insurer shall be deemed insolvent and the director shall institute delinquency proceedings as provided in this title.

Source: SL 1966, ch 111, ch 16, §35 (3).


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