Insurance Law 7416 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7415 Uniformity of interpretation up ARTICLE 74 Rehabilitation, Liquidation, Conservation and Dissolution of Insurers next SECTION 7417 Commencement of a proceeding Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.