58-7-31. Levy upon deposited assets and securities.
72 words·~1 min read·
/sd/title-58/chapter-58-7/58-7-31A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No judgment creditor or other claimant of an insurer shall have the right to levy or to proceed by any remedies, provisional or otherwise, upon any of the assets or securities of the insurer held on deposit in this state. As to deposits pursuant to the retaliatory law, §§ 58-6-70 to 58-6-73 , inclusive, levy thereupon shall be permitted if so provided in the director's order under which the deposit is made.