Insurance Law 7401 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up ARTICLE 74 Rehabilitation, Liquidation, Conservation and Dissolution of Insurers next SECTION 7402 Grounds for rehabilitation of domestic insurer Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7401 Application of article; definitions Insurance (ISC) CHAPTER 28, ARTICLE 74 § 7401. Application of article; definitions. (a) This article shall apply to all corporations, associations, societies, orders, firms, and individuals to which this chapter is applicable, or which are subject to examination or supervision by the superintendent under this chapter or under any other law of this state, or which are doing or attempting to do or representing that they are doing the business of insurance in this state, or which are in process of organization for the purpose of or intending to do such business therein, anything in this chapter or any other law of this state to the contrary notwithstanding. (b) In this article: (1) "insurer" includes all corporations, associations, societies, orders, firms, and individuals specified in subsection (a) hereof; (2) "assets" includes all deposits and funds of a special or trust nature.