An insurance proceeding under this chapter begun before the effective date of the Insurers Rehabilitation and Liquidation Act is deemed to have begun after that date for the purpose of conducting the proceeding. However, in the discretion of the director or his designee, the proceeding may be continued, in whole or in part, as it would have been if this act was not in effect.
S.C. Code Ann. § 38-27-100
Proceedings initiated prior to effective date of Insurers Supervision, Rehabilitation, and Liquidation Act
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 38–38 (62 sections).
1991 Act No. 13, SECTION 4; 1993 Act No. 181, SECTION 609.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.