ยง 7416. Grounds for dissolution of domestic insurer. The
superintendent may apply under this article for an order dissolving the
corporate existence of a domestic insurer: (i) upon his application for
an order of liquidation of its business, or at any time after such order
has been granted; or (ii) upon the grounds specified in subsection (m)
of section seven thousand four hundred two of this article, regardless
of whether an order of liquidation is sought or has been obtained.
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.