58-5-119. Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings.
30 words·~1 min read·
/sd/title-58/chapter-58-5/58-5-119·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the deficiency is not cured as required by § 58-5-114 , the insurer shall be deemed insolvent and the director shall institute delinquency proceedings as provided in this title.