Section 8: Rehabilitation or liquidation proceedings
48 words·~1 min read·
/ma/part-i/title-xxii/chapter-175j/8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8. Nothing contained in this chapter shall preclude the commissioner from initiating judicial proceedings to place an insurer in rehabilitation or liquidation proceedings or other delinquency proceedings, however designated under the General Laws, regardless of whether the commissioner has previously initiated administrative supervision proceedings against the insurer.