Section 58-5-38 - Extinguishment of contingent liability must apply to all members and policies

58-5-38. Extinguishment of contingent liability must apply to all members and policies.The director shall not approve the extinguishment of contingent liability pursuant to §58-5-37 unless it applies to all members and all policies of insurance of such insurer. Source: SL 1966, ch 111, ch 16, §31 (2).