Insurance Law 8006 — Legislation
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SECTION 8005
Amendment or withdrawal of plan
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ARTICLE 80
Mutual Holding Company
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SECTION 8007
Approval of plan by superintendent; hearing
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SECTION 8006
Consultants
Insurance (ISC) CHAPTER 28, ARTICLE 80
§ 8006. Consultants. The superintendent may appoint one or more
consultants as the superintendent shall reasonably deem necessary to
advise the superintendent in making the determination whether the
proposed plan of reorganization meets the applicable requirements of
this article. The reorganizing insurer shall be responsible for the
reasonable fees and expenses of any such consultants. This expenditure
shall not constitute an expenditure of public funds pursuant to the
state finance law.