58-29A-88. Notice to association of insolvency of insurer.
68 words·~1 min read·
/sd/title-58/chapter-58-29/58-29a-88·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director shall notify the association of the existence of an insolvent insurer not later than three days after the director receives notice of the determination of the insolvency. The association is entitled to a copy of any complaint seeking an order of liquidation with a finding of insolvency against a member company at the same time that the complaint is filed with a court of competent jurisdiction.