After the liquidation proceeding has been terminated and the liquidator discharged, the commissioner or other interested party may at any time petition the court to reopen the proceedings for good cause, including the discovery of additional assets. If the court is satisfied that there is justification for reopening, it shall so order.
Structure Mississippi Code
Chapter 24 - Insurers Rehabilitation and Liquidation Act
§ 83-24-3. Declaration of purpose
§ 83-24-5. Application of chapter
§ 83-24-15. Commencement of proceedings under former law; application of current provisions
§ 83-24-17. Restrictions on insurer after commencement of delinquency proceedings
§ 83-24-21. Confidentiality of records pertaining to proceedings
§ 83-24-33. Petition for order directing liquidation; grounds
§ 83-24-39. Petition for order to dissolve corporate existence
§ 83-24-63. Recovery from reinsurers; amount
§ 83-24-79. Failure of secured creditor to file claim; distribution on claim
§ 83-24-83. Priority of distribution of claims; order of distribution
§ 83-24-87. Payment of distributions
§ 83-24-93. Reopening proceedings after discharge of liquidator; orders
§ 83-24-95. Destruction of records
§ 83-24-107. Discretion of commissioner of insurance to institute proceedings