Insurance Law 7404 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7403 Order of rehabilitation; advances from property/casualty insurance security fund; termination up ARTICLE 74 Rehabilitation, Liquidation, Conservation and Dissolution of Insurers next SECTION 7405 Order of liquidation; rights and liabilities Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.