2015 New York Laws
ISC - Insurance
Article 74 - (Insurance) REHABILITATION, LIQUIDATION, CONSERVATION AND DISSOLUTION OF INSURERS
7429 - Borrowing on the pledge of assets.

  7429.  Borrowing  on  the  pledge  of  assets.  To  facilitate  the
  rehabilitation, liquidation, conservation or dissolution of  an  insurer
  pursuant to this article the superintendent may, subject to the approval
  of  the court, borrow money and issue evidences of indebtedness therefor
  and secure repayment by a security interest  in  any  or  all  property,
  real, personal or mixed of such insurer.  Subject to court approval, the
  superintendent  may  take  all  other  action  necessary  and  proper to
  consummate  such  loans   and   provide   for   their   repayment.   The
  superintendent  shall  be  under  no  obligation  personally  or  in his
  capacity as superintendent to repay  any  loan  made  pursuant  to  this
  section.