Section 58-33-50 - Action by director on failure of insurer to cease false advertising after notice

58-33-50. Action by director on failure of insurer to cease false advertising after notice.If after thirty days following the giving of the notice mentioned in §58-33-49 such insurer has failed to cease making, issuing, or circulating such false misrepresentations or causing the same to be made, issued or circulated in this state, and if the director has reason to believe that a proceeding by him in respect to such matters would be to the interest of the public, and that such insurer is issuing or delivering contracts of insurance to residents of this state or collecting premiums on such contracts or doing any of the acts enumerated in §58-33-49, he shall take action against such insurer under the Unfair Trade Practice Act. Source: SL 1966, ch 111, §13, §29.