Alea London Limited (“Insurer”) appeals the circuit court’s denial of its Rule 60(b), SCRCP motion to set aside the order of a special referee that granted Elisa Narruhn (“Narruhn”) an assignment of rights in supplemental proceedings held in conjunction with another lawsuit. We affirm as modified.
I. FACTS
Narruhn brought a lawsuit seeking damages against RKC Entertainment, L.L.C., d/b/a The Red Room (“RKC”), and Ardon Percevial Cato, II (“Cato”) after she was shot and injured by Cato while she was a customer at The Red Room, a nightclub in Myrtle Beach. Thereafter, by order of reference, a special referee was directed to conduct supplemental proceedings to determine if there were any assets available to satisfy the judgment. After a hearing, the special referee issued an order granting Narruhn an assignment of any and all rights, including any claims, that RKC might have against Insurer, who had previously issued a liability insurance policy to RKC for The Red Room.
Narruhn then brought the current lawsuit against Insurer and Anderson General Insurance, the producing agency, seeking actual and punitive damages and alleging, inter alia, the failure to pay or defend a claim. Insurer filed a Rule 60(b) motion to set aside the order of the special referee granting Narruhn an assignment of rights.1 The circuit court denied Insurer’s Rule 60(b) motion after finding (1) the motion was untimely and not properly before the circuit court because the motion was not made within one year of the date of the order of reference; (2) it was without authority to rule on Insurer’s Rule 60(b) motion because it should have been directed to the special referee, not the circuit court; and (3) Insurer had no standing to challenge the special referee’s order granting an assignment as it was not a party to the challenged order from which it sought relief. Insurer appealed the circuit court’s *340order to the Court of Appeals, and the matter was certified for this Court’s review under Rule 204(b), SCACR.
II. LAW/ANALYSIS
A. Timeliness
As to’ the issue of timeliness, we agree with Insurer that the circuit court erroneously considered the date of the order of reference in calculating the timeliness of Insurer’s Rule 60(b) motion, rather than the date of the challenged order, which is the special referee’s order granting Narruhn an assignment of rights. The special referee’s order granting Narruhn an assignment of RKC’s rights was filed on March 8, 2010. Insurer’s motion challenging that order was made pursuant to the provisions of Rule 60(b)(1) (surprise), (b)(4) (void), and (b)(5) (inequitable) on or about December 10, 2010.
Motions under Rule 60(b)(1), (2), or (3) must be made within a reasonable time, but not later than one year of the order taken, and those under (4) and (5) are subject only to the reasonable time limitation. Insurer’s motion was clearly timely under these parameters as it was made well within one year of the date of the special referee’s order granting the assignment and within a reasonable time. See Rule 60(b), SCRCP (“The motion shall be made within a reasonable time, and for reasons (1), (2), and (3) not more than one year after the judgment, order or proceeding was entered or taken.”); BB & T v. Taylor, 369 S.C. 548, 633 S.E.2d 501 (2006) (stating the decision to deny or grant a motion made pursuant to Rule 60(b), SCRCP is within the sound discretion of the trial judge, which will not be disturbed unless the order of the court is controlled by an error of law or is based on factual findings that are without evidentiary support).
B. Authority
As to the issue of authority, we find the circuit court did have the authority to rule on Insurer’s motion. Since the special referee had already entered a final order regarding the supplemental proceedings as directed under the order of reference, the special referee had no remaining duties to perform, and the matter was properly before the circuit court. Because the Rule 60(b) motion presents a separate matter, it *341does not run afoul of the general rule prohibiting one circuit court judge from overruling another. Cf. Wachovia Bank of S.C. v. Player, 341 S.C. 424, 535 S.E.2d 128 (2000) (holding where a matter had been referred to the master with finality, but the master had not concluded all of his duties under the order of reference because he had directed a foreclosure yet still needed to conduct the sale and dispose of the surplus fund, the master had the authority to decide a party’s Rule 60(b)(4), SCRCP motion).
C. Standing
As to the issue of standing, the circuit court found the Rule 60(b) motion was not properly before it and should, therefore, be denied because Insurer was not a party to the order from which it sought relief. See Rule 60(b), SCRCP (“On motion and upon such terms as are just, the court may relieve a party or his legal representative from a final judgment, order, or proceeding____” (emphasis added)).
As an initial matter, we question whether Insurer has preserved an objection to the circuit court’s ruling on standing. Insurer did not specifically set forth any challenge to this independent basis for the circuit court’s denial of the Rule 60(b) motion in its Statement of Issues on Appeal and, although it made an implied reference to standing in the conclusion of its brief, it cited none of the authorities that it belatedly advanced during the oral argument of this matter. See Rule 208(b)(1)(B), SCACR (“Ordinarily, no point will be considered which is not set forth in the statement of the issues on appeal.”); id. Rule 208(b)(1)(D) (“The brief shall be divided into as many parts as there are issues to be argued. At the head of each part, the particular issue to be addressed shall be set forth in distinctive type, followed by discussion and citations of authority.”).
In any event, we find the cases and argument advanced by Insurer do not support Insurer’s position that the circuit court erred in finding it did not have standing to make a Rule 60(b) motion because it was not a party to the challenged judgment. In McClurg v. Deaton, 380 S.C. 563, 671 S.E.2d 87 (Ct.App.2008), aff'd 395 S.C. 85, 716 S.E.2d 887 (2011), the employer of a party filed a motion to intervene in the case, which was *342granted, so at the time the employer made a Rule 60(b) motion, it was a party and, as a party, the employer could seek relief from the judgment. Insurer also cited Edwards v. Ferguson, 254 S.C. 278, 175 S.E.2d 224 (1970), a case decided prior to the adoption of the SCRCP, for the proposition that a nonparty insurer may petition for relief under Rule 60(b). In Edwards, the defendant (Ferguson) and his insurance company moved to set aside a default judgment entered against Ferguson on the basis of mistake, inadvertence, surprise, or excusable neglect. Thus, there is no question that the motion was properly before the court as it was being advanced by a party to the judgment, Ferguson, and no issue was raised regarding the insurance company’s status. Accordingly, this case does not support Insurer’s argument in this regard. Since Insurer has not established that it was a party or the legal representative of a party, it was not entitled to seek relief under the provisions of Rule 60(b). See Fairchild v. S.C. Dep't of Transp., 398 S.C. 90, 107-08, 727 S.E.2d 407, 416 (2012) (stating in interpreting the South Carolina Rules of Civil Procedure, this Court applies the same rules of construction used to interpret statutes, and if a rule’s language is plain, unambiguous, and conveys a clear meaning, interpretation is unnecessary and the court is obligated to follow and to enforce the stated meaning).
The concurring/dissenting opinion concludes Insurer did have standing to bring a challenge by means of a Rule 60(b) motion. The opinion contends the assignment was in error because notice and an opportunity to be heard must be afforded to Insurer before its rights may be affected, citing, inter alia, S.C.Code Ann. § 15-39-350 (2005) (governing the examination of debtors of a judgment debtor) and Johnson v. Service Management, Inc., 319 S.C. 165, 168, 459 S.E.2d 900, 902 (Ct.App.1995) (stating where funds are held by a third party, “the funds on deposit could be reached only after the supplementary proceedings were held to examine [the third party] with regard to the account”).2
*343While we agree in general with the law cited, we find these provisions are not controlling here because they pertain to the merits of the Rule 60(b) motion, such as whether the assignment was valid in the face of an anti-assignment clause and other enumerated defenses (see Section D below), and they do not involve the threshold issue before this Court, namely, the propriety of Insurer’s challenge to the assignment by means of a Rule 60(b) motion. Because Insurer does not fall within the plain terms of Rule 60(b), in that Insurer was not a party or the legal representative of a party, Rule 60(b) is not the proper vehicle for any challenge in this regard. That is not to say, however, that Insurer is without recourse. The referee, in making the assignment, referred to it as a “chose in action,”3 and expressly stated Narruhn assumed the rights that RKC might have against Insurer, “if any.” Moreover, Narruhn stipulated, as she must, at oral argument before this Court that Insurer still retains all of its defenses and rights under the insurance contract. See, e.g., Twelfth RMA Partners, L.P. v. Nat’l Safe Corp., 335 S.C. 635, 639-40, 518 S.E.2d 44, 46 (Ct.App.1999) (stating that an assignee generally “stands in the shoes of its assignor” and has the same rights as the assignor (citation omitted)); Chet Adams Co. v. James F. Pedersen Co., 308 S.C. 410, 413, 418 S.E.2d 337, 338 (Ct.App.1992) (“Generally, the assignee of a non-negotiable chose in action takes it subject to all equities and defenses which could have been set up against the assignor at the time *344of the assignment.”); 29 Williston on Contracts § 74:47 (4th ed. 2003) (“[T]he assignee of a nonnegotiable chose in action ... takes it subject to all defenses that the obligor may have had against the assignor----”).
We note Johnson refers to the need for supplemental proceedings, which were held in the current matter with all necessary parties present, and section 15-39-350 speaks in terms of the “discretionary authority” of the court to question a third party when it deems it necessary, as indicated by the statute’s use of “may” rather than “shall.”4 Although we need not reach the issue here, it appears the referee did not believe Insurer’s approval of the assignment of RKC’s rights was required, and we note it is generally held that an assignment after a loss has already occurred does not require an insurer’s consent. See 3 Couch on Insurance 3d § 35:8 (2011 Rev. Ed.) (“[T]he great majority of courts adhere to the rule that general stipulations in policies prohibiting assignments of the policy, except with the consent of the insurer, apply only to assignments before loss, and do not prevent an assignment after loss, for the obvious reason that the clause by its own terms ordinarily prohibits merely the assignment of the policy, as distinguished from a claim arising under the policy, and the assignment before loss involves a transfer of a contractual relationship while the assignment after loss is the transfer of a right to a money claim. The purpose of a no assignment clause is to protect the insurer from increased liability, and after events giving rise to the insurer’s liability have occurred, the insurer’s risk cannot be increased by a change in the insured’s identity.” (footnotes omitted)); 44 Am.Jur.2d Insurance § 786 (2003) (“After a loss has been incurred, the claim to recover insurance proceeds may be effectively assigned by the insured.”); 17 Williston on Contracts § 49:126 (4th ed. 2000) (“As a general principle, a clause restricting assignment [in an insurance policy] does not in any way limit the policy*345holder’s power to make an assignment of the rights under the policy ... after a loss has occurred____ It is now a vested claim against the insurer and can be freely assigned or sold like any other chose in action or piece of property.”); see also Young v. Chicago Fed. Sav. & Loan Ass’n, 180 Ill.App.3d 280, 129 Ill.Dec. 212, 535 N.E.2d 977, 980-81 (1989) (“An insurance policy that is assigned after a claim arises is an assignment of the policy proceeds; such a transaction results in an assignment of a chose in action which does not require the insurer’s consent.” (citing Couch on Insurance))1, Illinois Tool Works, Inc. v. Commerce & Indus. Ins. Co., 2011 IL App (1st) 093084, 357 Ill.Dec. 141, 962 N.E.2d 1042 (2011) (same, citing Young, 129 Ill.Dec. 212, 535 N.E.2d at 980-81); Kintzel v. Wheatland Mut. Ins. Ass’n, 203 N.W.2d 799, 804-05 (Iowa 1973) (rejecting an insurer’s contention that an insurance policy was not assignable without its consent, and stating, “[a]fter the loss was incurred, the issue became not an assignment of the policy, but the assignment of a chose in action.... ” (emphasis added)).
D. Merits
Lastly, to the extent Insurer argues the merits of its Rule 60(b) motion in its brief, i.e., that the special referee erred in granting an assignment of rights to Narruhn,5 we hold that argument is not properly before this Court since the circuit court denied the motion for reasons related to timeliness, authority, and standing, and we ultimately find no error in the circuit court’s decision to deny the motion based on standing. See Weeks v. McMillan, 291 S.C. 287, 292, 353 S.E.2d 289, 292 (Ct.App.1987) (“Where a decision is based on alternative grounds, either of which independent of the other is sufficient to support it, the decision will not be reversed even if one of the grounds is erroneous.”). Moreover, the issue of standing was not appealed.
As noted above, however, Insurer has retained all of its defenses and rights under the insurance contract, and said *346defenses and rights will be considered in Narruhn’s pending action against Insurer.
III. CONCLUSION
Based on the foregoing, the circuit court’s order denying Insurer’s Rule 60(b) motion to set aside the order of the special referee is affirmed as modified.
AFFIRMED AS MODIFIED.
HEARN, J., and Acting Justice JAMES E. MOORE, concur. Acting Chief Justice PLEICONES, concurring in a separate opinion. KITTREDGE, J., concurring in part and dissenting in part in a separate opinion.. Although Insurer’s motion and the circuit court’s order are captioned with Narruhn's current action number, both the contents of Insurer's motion and the circuit court’s order state the Rule 60(b) motion was directed to the special referee’s ruling.
. Johnson involved an attempt to satisfy a judgment by obtaining funds held in a judgment debtor's bank account. 319 S.C. at 167, 459 S.E.2d at 902. The Court of Appeals explained that funds on deposit, unless put into a special account, “becomes the property of the bank and goes into its general account.” Id. at 167-68, 459 S.E.2d at 902. "The *343funds on deposit thus are no longer the personal property of the depositor; instead, the depositor has a chose in action against the bank for recovery of the deposit.” Id. at 168, 459 S.E.2d at 902. The court stated the funds could not be reached through execution and levy, but only through supplemental proceedings. Id.
. A "chose in action” has been variously defined as (1) "A proprietary right in personam, such as a debt owed by another person, a share in a joint-stock company, or a claim for damages in tort”; (2) "The right to bring an action to recover a debt, money, or thing”; and (3) "Personal property that one person owns but another person possesses, the owner being able to regain possession through a lawsuit.” Black’s Law Dictionary 275 (9th ed.2009). "South Carolina jurisprudence has long recognized that a chose in action can be validly assigned in either law or equity.” Moore v. Weinberg, 373 S.C. 209, 220, 644 S.E.2d 740, 745 (Ct.App.2007). "In South Carolina a chose or thing in action is statutorily included in one's personal property and is assignable.” Id. (citation omitted).
. "[U]pon an affidavit that any person or corporation has property of such judgment debtor or is indebted to him in any amount exceeding ten dollars, the judge may by an order require such person or corporation, or any officer or member thereof, to appear at a specified time and place and answer concerning such property or indebtedness. The judge may also, in his discretion, require notice of such proceeding to be given to any party to the action in such manner as may seem to him proper.” S.C.Code Ann. § 15-39-350 (2005) (emphasis added).
. Insurer asserts it was not given notice of the supplemental proceedings, the contract of insurance prohibits an assignment of rights without its consent, the policy was not in effect at the time of the incident as the policy had already been cancelled for nonpayment of premiums, and the policy was void for RKC's violation of the cooperation clause.