521A.11 Receivership.
Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the commissioner may proceed as provided in section 505.9 to take possession of the property of such domestic insurer and to conduct the business thereof.
[C71, 73, 75, 77, 79, 81, §521A.11]
Structure Iowa Code
Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS
Section 521A.2 - Subsidiaries of insurers.
Section 521A.3 - Acquisition of control of or merger with domestic insurer.
Section 521A.4 - Registration of insurers — enterprise risk report.
Section 521A.6 - Examination — penalties — expenses.
Section 521A.6A - Supervisory colleges — assessment of insurers.
Section 521A.6B - Group-wide supervision of internationally active insurance groups.
Section 521A.7 - Confidential treatment.
Section 521A.10 - Sanctions and penalties.
Section 521A.11 - Receivership.
Section 521A.12 - Revocation, suspension, or nonrenewal of insurer’s license.