New York § 7416 Grounds for dissolution of domestic insurer

New York Statutes

§ 7416 — Grounds for dissolution of domestic insurer

New York § 7416

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Art. 74Rehabilitation, Liquidation, Conservation and Dissolution of Insurers

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Bluebook

N.Y. Insurance § 7416 (2026).

Text

§ 7416. Grounds for dissolution of domestic insurer. The\nsuperintendent may apply under this article for an order dissolving the\ncorporate existence of a domestic insurer:

(i)upon his application for\nan order of liquidation of its business, or at any time after such order\nhas been granted; or (ii) upon the grounds specified in subsection (m)\nof section seven thousand four hundred two of this article, regardless\nof whether an order of liquidation is sought or has been obtained.\n

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