§ 26-28-111 — Order of conservation or ancillary liquidation of foreign or alien insurer

(a) An order to conserve a foreign or alien insurer's
assets requires the commissioner immediately to take possession
of the insurer's property within this state and to conserve it,
subject to the court's further direction.
(b) An order to liquidate a foreign insurer's assets in
this state requires the commissioner immediately to take
possession of the insurer's property within this state and to
liquidate it subject to the court's orders and with due regard
to the rights and powers of the domiciliary receiver as provided
in this chapter.