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  • SECTION 7415
    Uniformity of interpretation
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  • ARTICLE 74
    Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
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  • SECTION 7417
    Commencement of a proceeding
    • This entry was published on 2014-09-22
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    SECTION 7416

    Grounds for dissolution of domestic insurer

    Insurance (ISC) CHAPTER 28, ARTICLE 74

    § 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.