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2015 New York Laws
ISC - Insurance
Article 74 - (Insurance) REHABILITATION, LIQUIDATION, CONSERVATION AND DISSOLUTION OF INSURERS
7417 - Commencement of a proceeding.

NY Ins L § 7417 (2015) What's This?
  7417.  Commencement of a proceeding. The superintendent represented
  by the attorney general shall commence any proceeding under this article
  by an application to the supreme court,  in  the  judicial  district  in
  which  the  principal  office  of  the  insurer is located, for an order
  directing such insurer to show cause why the superintendent  should  not
  have the requested relief. On the return of such order, and after a full
  hearing, which shall be held without delay, such court shall either deny
  the  application  or  grant  it  together  with such other relief as the
  nature of the  case  and  the  interests  of  policyholders,  creditors,
  shareholders, members, or the public may require.

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