Insurance Commission ex rel. Lindsay v. New South Life Insurance

On April 18, 1978, this court filed its opinion, found in S. C., 244 S. E. (2d) 289, disposing of the issues which were submitted to the court by way of appeal. In that opinion we directed that the rehabilitator advertise for proposals and submit them to this court, together with his recommendation as to what disposition should be made of the assets of New South Life Insurance Company.

The rehabilitator complied with our directive and procured a total of seven offers to purchase and made his recommendation. Thereafter, by our order dated the 27th day of July, 1978, we invited all interested…