N.Y. Ins. Law § 7416

Current through 2024 NY Law Chapter 456

Section 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.

N.Y. Ins. Law § 7416