ยง 7404. Grounds for liquidation. The superintendent may apply under
this article for an order directing the superintendent to liquidate the
business of a domestic insurer, or of the United States branch of an
alien insurer having trusteed assets in this state, upon any of the
grounds specified in subsections (a) through (o) of section seven
thousand four hundred two of this article, whether or not there has been
a prior order directing the superintendent to rehabilitate such insurer.
Structure New York Laws
Article 74 - Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
7401 - Application of Article; Definitions.
7402 - Grounds for Rehabilitation of Domestic Insurer.
7404 - Grounds for Liquidation.
7405 - Order of Liquidation; Rights and Liabilities.
7406 - Grounds for Conservation of Assets of Foreign or Alien Insurer.
7407 - Order of Conservation or Ancillary Liquidation of a Foreign or Alien Insurer.
7408 - Uniform Insurers Liquidation Act; Title; Definitions.
7409 - Conduct of Delinquency Proceedings Against Insurers Domiciled in This State.
7410 - Conduct of Delinquency Proceedings Against Insurers Not Domiciled in This State.
7413 - Priority of Preferred Claims, Special Deposit Claims and Secured Claims.
7414 - Attachment and Garnishment of Assets.
7415 - Uniformity of Interpretation.
7416 - Grounds for Dissolution of Domestic Insurer.
7417 - Commencement of a Proceeding.
7418 - Service of Order to Show Cause.
7421 - Removal of Proceedings.
7422 - Appointment of Deputies; Employment of Assistants.
7423 - Exemption From Filing Fees.
7424 - Deposit of Monies Collected; Preference.
7428 - Disposition of Assets and Compromise of Claims.
7429 - Borrowing on the Pledge of Assets.
7430 - Levy of Assessments; Determination of Liability of Members.
7431 - Determination of Liability of Members for Other Indebtedness.
7432 - Adjudication of Insolvency of Insurer; Time to File Claims.
7433 - Proof and Allowance of Claims.
7433-A - Loan to Workers' Compensation Security Fund.
7434 - Distribution of Assets.
7435 - Distribution for Life Insurers.