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Section 507C.1 - Short title — construction — purpose. - 507C.1 Short title — construction — purpose. 1. This chapter...
Section 507C.2 - Definitions. - 507C.2 Definitions. As used in this chapter, unless the context...
Section 507C.3 - Applicability. - 507C.3 Applicability. This chapter may be applied to any of...
Section 507C.4 - Jurisdiction and venue. - 507C.4 Jurisdiction and venue. 1. A delinquency proceeding shall not...
Section 507C.5 - Injunctions and orders. - 507C.5 Injunctions and orders. 1. A receiver appointed in a...
Section 507C.6 - Cooperation of officers, owners, and employees — penalty. - 507C.6 Cooperation of officers, owners, and employees — penalty. 1....
Section 507C.7 - Bonds. - 507C.7 Bonds. In a proceeding under this chapter, the commissioner...
Section 507C.8 - Continuation of delinquency proceedings. - 507C.8 Continuation of delinquency proceedings. Repealed by 2015 Acts, ch...
Section 507C.8A - Condition on release from delinquency proceedings. - 507C.8A Condition on release from delinquency proceedings. An insurer subject...
Section 507C.9 - Summary orders and supervision proceedings — penalty. - 507C.9 Summary orders and supervision proceedings — penalty. 1. If...
Section 507C.10 - Seizure order. - 507C.10 Seizure order. 1. With respect to a domestic insurer...
Section 507C.11 - Confidentiality of hearings. - 507C.11 Confidentiality of hearings. Notwithstanding chapter 22, in all administrative...
Section 507C.12 - Grounds for rehabilitation. - 507C.12 Grounds for rehabilitation. 1. The commissioner may petition the...
Section 507C.13 - Rehabilitation orders. - 507C.13 Rehabilitation orders. 1. An order to rehabilitate the business...
Section 507C.14 - Powers and duties of rehabilitator. - 507C.14 Powers and duties of rehabilitator. 1. The commissioner as...
Section 507C.15 - Actions by and against rehabilitator. - 507C.15 Actions by and against rehabilitator. 1. A court in...
Section 507C.16 - Termination of rehabilitation. - 507C.16 Termination of rehabilitation. 1. Whenever the commissioner determines that...
Section 507C.17 - Grounds for liquidation. - 507C.17 Grounds for liquidation. The commissioner may petition the district...
Section 507C.17A - Rehabilitation or liquidation of certain covered domestic insurers. - 507C.17A Rehabilitation or liquidation of certain covered domestic insurers. 1....
Section 507C.18 - Liquidation orders. - 507C.18 Liquidation orders. 1. An order to liquidate the business...
Section 507C.19 - Continuance of coverage. - 507C.19 Continuance of coverage. 1. Except for life or health...
Section 507C.20 - Dissolution or sale of insurer. - 507C.20 Dissolution or sale of insurer. The commissioner may petition...
Section 507C.20A - Redomestication of foreign insurer. - 507C.20A Redomestication of foreign insurer. The commissioner may petition the...
Section 507C.21 - Powers of liquidator. - 507C.21 Powers of liquidator. 1. The liquidator may: a. Appoint...
Section 507C.22 - Notice to creditors and others. - 507C.22 Notice to creditors and others. 1. Unless the court...
Section 507C.23 - Duties of agents. - 507C.23 Duties of agents. 1. A person, who receives notice...
Section 507C.24 - Actions by and against liquidator. - 507C.24 Actions by and against liquidator. 1. After the issuance...
Section 507C.25 - Collection and list of assets. - 507C.25 Collection and list of assets. 1. As soon as...
Section 507C.26 - Fraudulent transfers prior to petition. - 507C.26 Fraudulent transfers prior to petition. 1. A transfer made...
Section 507C.27 - Fraudulent transfer after petition. - 507C.27 Fraudulent transfer after petition. 1. After a petition for...
Section 507C.28 - Voidable preferences and liens. - 507C.28 Voidable preferences and liens. 1. a. A preference is...
Section 507C.28A - Qualified financial contracts. - 507C.28A Qualified financial contracts. 1. Notwithstanding any other provision of...
Section 507C.29 - Claims of holders of void or voidable rights. - 507C.29 Claims of holders of void or voidable rights. 1....
Section 507C.30 - Setoffs. - 507C.30 Setoffs. 1. Except as provided in subsection 2 and...
Section 507C.31 - Assessments. - 507C.31 Assessments. 1. As soon as practicable but not more...
Section 507C.32 - Reinsurer’s liability. - 507C.32 Reinsurer’s liability. Notwithstanding a provision in the reinsurance contract...
Section 507C.33 - Recovery of premiums owed. - 507C.33 Recovery of premiums owed. 1. a. An agent, broker,...
Section 507C.34 - Domiciliary liquidator’s proposal to distribute assets. - 507C.34 Domiciliary liquidator’s proposal to distribute assets. 1. Within one...
Section 507C.35 - Filing of claims. - 507C.35 Filing of claims. 1. Proof of all claims shall...
Section 507C.36 - Proof of claim. - 507C.36 Proof of claim. 1. Proof of claim shall consist...
Section 507C.37 - Special claims. - 507C.37 Special claims. 1. The claim of a third party...
Section 507C.38 - Special provisions for third-party claims. - 507C.38 Special provisions for third-party claims. 1. If a third...
Section 507C.39 - Disputed claims. - 507C.39 Disputed claims. 1. If a claim is denied in...
Section 507C.40 - Claims of other person. - 507C.40 Claims of other person. If a creditor, whose claim...
Section 507C.41 - Secured creditor’s claims. - 507C.41 Secured creditor’s claims. 1. The value of security held...
Section 507C.42 - Priority of distribution. - 507C.42 Priority of distribution. The priority of distribution of claims...
Section 507C.43 - Liquidator’s recommendations to court. - 507C.43 Liquidator’s recommendations to court. 1. The liquidator shall review...
Section 507C.44 - Distribution of assets. - 507C.44 Distribution of assets. Under the direction of the court,...
Section 507C.45 - Unclaimed and withheld funds. - 507C.45 Unclaimed and withheld funds. 1. Unclaimed funds subject to...
Section 507C.46 - Termination of proceedings. - 507C.46 Termination of proceedings. 1. When all assets justifying the...
Section 507C.47 - Reopening liquidation. - 507C.47 Reopening liquidation. At any time after the liquidation proceeding...
Section 507C.48 - Disposition of records during and after termination of liquidation. - 507C.48 Disposition of records during and after termination of liquidation....
Section 507C.49 - External audit of receiver’s books. - 507C.49 External audit of receiver’s books. The court may order...
Section 507C.50 - Conservation of property of foreign or alien insurers found in this state. - 507C.50 Conservation of property of foreign or alien insurers found...
Section 507C.51 - Liquidation of property of foreign or alien insurers found in this state. - 507C.51 Liquidation of property of foreign or alien insurers found...
Section 507C.52 - Domiciliary liquidators in other states. - 507C.52 Domiciliary liquidators in other states. 1. Except as to...
Section 507C.53 - Ancillary formal proceedings. - 507C.53 Ancillary formal proceedings. 1. If a domiciliary liquidator has...
Section 507C.54 - Ancillary summary proceedings. - 507C.54 Ancillary summary proceedings. In the sole discretion of the...
Section 507C.55 - Claims of nonresidents against insurers domiciled in this state. - 507C.55 Claims of nonresidents against insurers domiciled in this state....
Section 507C.56 - Claims of residents against insurers domiciled in reciprocal states. - 507C.56 Claims of residents against insurers domiciled in reciprocal states....
Section 507C.57 - Attachment, garnishment, and levy of execution. - 507C.57 Attachment, garnishment, and levy of execution. An action or...
Section 507C.58 - Interstate priorities. - 507C.58 Interstate priorities. 1. In a liquidation proceeding in this...
Section 507C.59 - Subordination of claims for noncooperation. - 507C.59 Subordination of claims for noncooperation. If an ancillary receiver...
Section 507C.60 - Suspension of certificate of authority. - 507C.60 Suspension of certificate of authority. Without advance notice or...