Section 58-5-119 - Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings.
58-5-119. Failure to cure deficiency, insurer deemed insolvent--Delinquency proceedings. If the deficiency is not cured as required by § 58-5-114, the insurer shall be deemed insolvent and the director shall institute delinquency proceedings as provided in this title.
Source: SL 1966, ch 111, ch 16, § 35 (3).