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Session Laws, 1947
Volume 411, Page 1859   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1859

(c) A cease and desist order issued by the Commissioner
under Section 264 shall become final:

(1) Upon the expiration of the time allowed for filing a
petition for review if no such petition has been duly filed
within such time; except that the Commissioner may there-
after modify or set aside his order to the extent provided in
Section 26'4 (b) ; or

(2) Upon the expiration of the time allowed for filing an
appeal from the final decision of the Court provided no such
appeal is filed, if the Court directs that the order of the
Commissioner be affirmed or the petition for review dis-
missed ; or

(3) Upon the expiration of thirty (30) days from the date
of issuance of the mandate of the Court of Appeals, if such
Court directs that the order of the Commissioner be affirmed.

(d) No order of the Commissioner under this Act or order
of a Court to enforce the same shall in any way relieve or
absolve any person affected by such order from any liability
under any other laws of this State.

266. (Procedure as to Unfair Methods of Competition and
Unfair or Deceptive Acts or Practices which are not Defined.)

(a) Whenever the Commissioner shall have reason to believe
that any person engaged in the business of insurance is en-
gaging in this State in any method of competitoin or in any
act or practice in the conduct of such business which is not
defined in Section 261, that such method of competition is
unfair or that such act or practitce is unfair or deceptive
and that a proceeding by him in respect thereto would be to
the interest of the public, he may issue and serve upon such
person a statement of the charges in that respect and a notice
of a hearing thereon to be held at a time and place fixed in
the notice, which shall not be less than twenty (20) days after
the date of the service thereof. Each such hearing shall be
conducted in the same manner as the hearings provided for in
Section 263. The Commissioner shall, after such hearing,
make a report in writing in which he shall state his findings
as to the facts, and he shall serve a copy thereof upon such
person.

(b) If such report charges a violation of this Act and if
such method of competition, act or practice has not been dis-
continued, the Commissioner may, through the Attorney Gen-
eral of this State, at any time after twenty (20) days from
the service of such report cause a petition to be filed in the
Circuit Court of the county or the Circuit Court or Circuit

 

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Session Laws, 1947
Volume 411, Page 1859   View pdf image (33K)
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