CHAPTER 27-14.1
Administrative Supervision

SECTION 27-14.1-7

§ 27-14.1-7. Administrative election of proceedings.

Nothing contained in this chapter shall preclude 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.

History of Section.
(P.L. 1991, ch. 348, § 1.)