Legislation

§ 7416. Grounds for dissolution of domestic insurer. The
superintendent may apply under this article for an order dissolving the
corporate existence of a domestic insurer: (i) upon his application for
an order of liquidation of its business, or at any time after such order
has been granted; or (ii) upon the grounds specified in subsection (m)
of section seven thousand four hundred two of this article, regardless
of whether an order of liquidation is sought or has been obtained.