Iowa § 507C.17 Grounds for liquidation

Iowa Statutes

§ 507C.17 — Grounds for liquidation

Iowa § 507C.17

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.17 (Grounds for liquidation) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507C.17 (2026).

Text

Thecommissionermaypetitionthedistrictcourtforanorderdirectingthecommissionerto liquidate a domestic insurer or an alien insurer domiciled in this state on any of the following grounds:

1.Any ground for an order of rehabilitation specified in section 507C.12 whether or not there has been a prior order directing the rehabilitation of the insurer.

2.That the insurer is insolvent.

3.That the insurer is in a condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.

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Thecommissionermaypetitionthedistrictcourtforanorderdirectingthecommissionerto
liquidate a domestic insurer or an alien insurer domiciled in this state on any of the following
grounds:
1. Any ground for an order of rehabilitation specified in section 507C.12 whether or not
there has been a prior order directing the rehabilitation of the insurer.
2. That the insurer is insolvent.
3. That the insurer is in a condition that the further transaction of business would be
hazardous, financially or otherwise, to its policyholders, its creditors, or the public.