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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 74
Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
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SECTION 7403
Order of rehabilitation; advances from property/casualty insurance security fund; termination
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ARTICLE 74
Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
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SECTION 7405
Order of liquidation; rights and liabilities
This entry was published on 2014-09-22
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SECTION 7404
Grounds for liquidation
Insurance (ISC) CHAPTER 28, ARTICLE 74
§ 7404. Grounds for liquidation. The superintendent may apply under
this article for an order directing the superintendent to liquidate the
business of a domestic insurer, or of the United States branch of an
alien insurer having trusteed assets in this state, upon any of the
grounds specified in subsections (a) through (o) of section seven
thousand four hundred two of this article, whether or not there has been
a prior order directing the superintendent to rehabilitate such insurer.