§4362-A. Dissolution of domestic insurer
The superintendent, upon application for an order of liquidation of a domestic insurer for any of the reasons specified in section 4357 or at any time thereafter, may apply for an order of dissolution of the domestic insurer. Upon the filing of the application, the court shall issue an order directing the insurer to appear in court on the day fixed in the order and show cause why the application should not be granted. The order to show cause and notice thereof shall conform to the requirements applicable to an order to show cause set forth in section 4360, subsections 2 and 3, and section 4361. Unless cause is shown why the application should not be granted, the court, after hearing, shall order that the corporate existence of such domestic insurer be dissolved. [PL 1983, c. 603, §1 (NEW).]
SECTION HISTORY
PL 1983, c. 603, §1 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 57: DELINQUENT INSURERS
Subchapter 1: REHABILITATION AND LIQUIDATION
24-A §4351. Scope of provisions
24-A §4354. Jurisdiction of delinquency proceedings; venue; exclusiveness of remedy; appeal
24-A §4355. Jurisdiction over related persons and transactions
24-A §4356. Grounds for rehabilitation of domestic insurer or domiciled alien insurer
24-A §4357. Grounds for liquidation of domestic insurer or domiciled alien insurer
24-A §4358. Grounds for conservation, foreign and alien insurers
24-A §4359. Grounds for ancillary liquidation, foreign and alien insurers
24-A §4360. Commencement of proceeding
24-A §4361. Service of process
24-A §4362-A. Dissolution of domestic insurer
24-A §4363. Uniform Insurers Liquidation Act; severability; interpretation
24-A §4364. Conduct of delinquency proceedings against domestic insurers and certain alien insurers
24-A §4365. Conduct of delinquency proceedings against foreign insurers
24-A §4366. Claims of nonresidents against domestic insurers
24-A §4367. Claims against foreign insurers
24-A §4368. Form of claim; notice; hearing
24-A §4369. Attachment and garnishment of assets
24-A §4370. Limitations on appointment of receiver; action by judgment creditor
24-A §4372. Exemption from fees
24-A §4373. Escrowing on pledge of assets
24-A §4374. Termination of rehabilitation
24-A §4375. Prohibited and voidable transfers, liens (REPEALED)
24-A §4375-A. Voidable property transfers and liens
24-A §4376. Date rights fixed on liquidation
24-A §4377. Time to file claims
24-A §4378. Allowance of contingent and other claims
24-A §4379. Priorities in distribution of assets
24-A §4380. Subordination of claims for noncooperation
24-A §4382. Report and petition for assessment
24-A §4383. Order and levy of assessment
24-A §4384. Assessment prima facie correct; notice; payment; proceedings to collect
24-A §4385. Federal receivership