N.J.S.A. 17:51A-7

Initiation of judicial proceedings

17:51A-7. Initiation of judicial proceedings 7. Nothing contained in this act shall preclude the commissioner from initiating judicial proceedings to place an insurer in conservation, rehabilitation or liquidation, 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 act against the insurer. L.1993,c.245,s.7.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 17:51A-7, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.