83-1-163 - Right of commissioner to initiate judicial proceedings, liquidation proceedings, or other delinquency proceedings. - Mississippi Statutes

§ 83-1-163. Right of commissioner to initiate judicial proceedings, liquidation proceedings, or other delinquency proceedings.
 

Nothing contained in Sections 83-1-151 through 83-1-169 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 Sections 83-1-151 through 83-1-169 against the insurer. 
 

Sources: Laws,  1991, ch. 377, § 7, eff from and after July 1, 1991.