§33-27-13. Recovery
(a) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under such order shall have a right to recover on behalf of the insurer, (1) from any parent corporation or holding company or person or affiliate who otherwise controlled the insurer, the amount of distributions (other than […]
§33-27-14. Regulatory Authority
The Insurance Commissioner may propose rules for legislative approval in accordance with article three, chapter twenty-nine-a of this code and may promulgate emergency rules pursuant to the provisions of section fifteen, article three, chapter twenty-nine-a of this code, as are necessary to implement the provisions of this article.
§33-27-8. Injunctions; Prohibitions Against Voting Securities; Sequestration of Voting Securities
(a) Injunctions. — Whenever it appears to the commissioner that any person or any director, officer, employee or agent thereof has committed or is about to commit a violation of this article or of any rule, regulation or order issued by the commissioner hereunder, the commissioner may apply to the circuit court for an order […]
§33-27-9. Criminal Proceedings; Penalties; Orders; Fines; Disapproval of Dividends and Distributions
(a) Any insurer failing, without just cause, to file any registration statement as required by this article shall be required, after notice and hearing, to pay a penalty of up to one thousand dollars for each day's delay, to be recovered by the commissioner. Any penalty so recovered shall be paid into the General Revenue […]
§33-27-10. Receivership
Whenever it appears to the commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the commissioner may take possession of […]
§33-27-11. Revocation, Suspension or Nonrenewal of Insurer's License
Whenever it appears to the commissioner that any person has committed a violation of this article which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's […]
§33-27-12. Conflict With Other Laws
All laws and parts of laws of this state inconsistent with this article are hereby superseded with respect to matters covered by this article.
§33-27-5. Standards; Adequacy of Surplus; Dividends and Other Distributions; Notice of Amendments or Modifications; Management of Domestic Insurers Subject to Registration
(a) Transactions within an insurance holding company system to which an insurer subject to registration is a party shall be subject to the following standards: (1) The terms shall be fair and reasonable;
§33-27-6. Examination; Power of Commissioner; Access to Books and Records; Use of Consultants; Expenses; Compelling Production, Contempt and Payment of Fees, Mileage and Actual Expenses
(a) Power of commissioner. — Subject to the limitation contained in this section and in addition to the powers which the commissioner has under other provisions of this chapter relating to the examination of insurers, the commissioner has the power to examine any insurer registered under section four of this article and its affiliates to […]
§33-27-6a. Supervisory Colleges; Power of Commissioner; Expenses; Agreements
(a) Power of Commissioner. –- With respect to any insurer registered under section four of this article, and in accordance with subsection (c) of this section, the commissioner may participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order to determine compliance […]