N.D. Admin. Code 45-03-14-07

Current through Supplement No. 395, January, 2025

Section 45-03-14-07 - Administrative election of proceedings

Nothing contained in this chapter precludes the commissioner from initiating judicial proceedings to place an insurer in conservation, rehabilitation, or liquidation proceedings or other delinquency proceedings, however designated under the laws of this state, regardless of whether the commissioner has previously initiated administrative supervision proceedings under this chapter against the insurer.

N.D. Admin Code 45-03-14-07

Effective January 1, 1992.

General Authority: NDCC 28-32

Law Implemented: NDCC 26.1-01-03.1, 26.1-05-04, 26.1-05-32, 26.1-06.1-01(3)(a), 26.1-06.1-11