2015 New York Laws
ISC - Insurance
Article 74 - (Insurance) REHABILITATION, LIQUIDATION, CONSERVATION AND DISSOLUTION OF INSURERS
7416 - Grounds for dissolution of domestic insurer.

NY Ins L § 7416 (2015) What's This?

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.


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