Unless the grounds for revocation relate only to the financial condition or soundness of the insurer or to a deficiency in its assets, the director or his designee shall notify the insurer not less than thirty days before revoking its authority to do business in this State and he must specify in the notice the particulars of the alleged violation of the law or its charter or grounds for revocation and a proper opportunity must be offered the insurer to be heard.
S.C. Code Ann. § 38-5-140
Opportunity for hearing
Former 1976 Code SECTION 38-5-140 [1947 (45) 322; 1952 Code SECTION 37-110; 1957 (50) 92; 1962 Code SECTION 37-110] recodified as SECTION 38-5-110 by 1987 Act No. 155, SECTION 1…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.