Section 221.52 - Federal receivership(a) Whenever in the commissioner's opinion, liquidation of a domestic insurer or an alien insurer domiciled in this State would be facilitated by a Federal receivership, and when any ground exists upon which the commissioner might petition the court for an order of rehabilitation or liquidation under section 514 or section 519, or if an order of rehabilitation or liquidation has already been entered, the commissioner may request another commissioner of another state to petition any appropriate Federal District Court for the appointment of a Federal receiver. The commissioner shall have power to intervene in any such action to support or oppose the petition, and shall have power to accept appointment as the receiver if he is so designated. So much of this act shall apply to the receivership as can be made applicable and is appropriate. Upon motion of the commissioner, the Commonwealth Court shall relinquish all jurisdiction over the insurer for purposes of rehabilitation or liquidation.(b) If the commissioner is appointed receiver under this section, he shall comply with any requirements necessary to give him title to and control over the assets and affairs of the insurer.1921, May 17, P.L. 789, art. V, § 552, added 1977, Dec. 14, P.L. 280, No. 92, § 2, imd. effective.