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.
S.C. Code Ann. § 38-27-950
Ancillary summary proceedings
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 38–38 (62 sections).
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, …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.