§ 7418 — Service of order to show cause

New York § 7418

• Jurisdiction: New York
• Law ISC: Insurance
• Art. 74: Rehabilitation, Liquidation, Conservation and Dissolution of Insurers

Text

§ 7418. Service of order to show cause. (a) The order to show cause\nand the papers upon which it is granted shall be served upon the insurer\nnamed therein by delivering true copies to, and leaving them with:\n (1) If a domestic corporation: its president or other head, the\nsecretary or clerk to the corporation, the cashier, the treasurer or any\ndirector or managing agent.\n (2) If a foreign or alien corporation: its president, vice-president,\ntreasurer or assistant treasurer, secretary or assistant secretary, or\nany director or managing agent or, if the corporation has no such\nofficers within this state, to the officer performing corresponding\nfunctions.\n (3) If a voluntary, unincorporated or a joint stock association, order\nor society: the president, vice-president, treasurer, director, trustee\nor other officer or a member with managerial powers.\n (4) If a reciprocal insurer or Lloyds underwriters: the duly\ndesignated attorney-in-fact.\n (b) When it is satisfactorily proved by the verified report of an\nexaminer to the superintendent or by affidavit of any other person\nfamiliar with the facts that the persons upon whom service is required\nto be made have departed from the state or keep themselves concealed\ntherein or have resigned from their offices within forty days prior to\nthe application for an order to show cause under the provision of this\nsection, or that service cannot be made immediately by the exercise of\nreasonable diligence, such order may provide for service in such manner\nas the court directs.\n