S.C. Code § 38-5-140

Current through 2024 Act No. 225.

Section 38-5-140 - Opportunity for hearing

Unless the grounds for revocation relate only to the financial condition or soundness of the insurer or to a deficiency in its assets, the director or his designee shall notify the insurer not less than thirty days before revoking its authority to do business in this State and he must specify in the notice the particulars of the alleged violation of the law or its charter or grounds for revocation and a proper opportunity must be offered the insurer to be heard.

S.C. Code § 38-5-140

1993 Act No. 181, Section 533; 1962 Code Section 37-113] recodified as Section 38-5-140 by 1987 Act No. 155, Section 1; 1952 Code Section 37-113; Former 1976 Code Section 38-5-170 [1947 (45) 322; 1962 Code Section 37-110] recodified as Section 38-5-110 by 1987 Act No. 155, Section 1; 1957 (50) 92; 1952 Code Section 37-110; Former 1976 Code Section 38-5-140 [1947 (45) 322.