Section 375.1180 – Dissolution order, director may petition for — effect.
Effective – 28 Aug 1991 375.1180. Dissolution order, director may petition for — effect. — The director may petition for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he applies for a liquidation order. The court may […]
Section 375.1182 – Powers of liquidator — insureds may purchase extended period to report claims, when, limitations — liquidator and employees deemed officers of the court.
Effective – 28 Aug 1992 375.1182. Powers of liquidator — insureds may purchase extended period to report claims, when, limitations — liquidator and employees deemed officers of the court. — 1. The liquidator shall have the power: (1) To employ employees and agents, legal counsel, actuaries, accountants, appraisers, consultants and such other personnel as he […]
Section 375.1184 – Contracts and leases of insurer, liquidator may disaffirm — procedures — liability of liquidator, how calculated.
Effective – 28 Aug 1991 375.1184. Contracts and leases of insurer, liquidator may disaffirm — procedures — liability of liquidator, how calculated. — 1. The liquidator may disaffirm or repudiate any contract or lease: (1) To which the insurer is a party; (2) The performance of which the liquidator, in his sole discretion, determines to […]
Section 375.1185 – Notices provided by liquidator, procedures.
Effective – 28 Aug 1991 375.1185. Notices provided by liquidator, procedures. — 1. Unless the court otherwise directs, the liquidator shall give or cause to be given notice of the liquidation order as soon as possible: (1) By first class mail and either by telegram or telephone to the director of the department of commerce […]
Section 375.1186 – Agent of insurer, duty to provide information to liquidator — penalty.
Effective – 28 Aug 1991 375.1186. Agent of insurer, duty to provide information to liquidator — penalty. — 1. Every person who receives notice in the form prescribed in section 375.1185 that an insurer which he represents as an agent is the subject of a liquidation order, within thirty days of such notice, shall provide […]
Section 375.1188 – Stay of other actions — liquidator may bring certain actions, when.
Effective – 28 Aug 1991 375.1188. Stay of other actions — liquidator may bring certain actions, when. — 1. Upon issuance of an order appointing a liquidator of a domestic insurer or of an alien insurer domiciled in this state, no action at law or equity or in arbitration shall be brought against the insurer […]
Section 375.1174 – Director may petition for liquidation, grounds — termination of rehabilitation proceedings, when, effect.
Effective – 28 Aug 1991 375.1174. Director may petition for liquidation, grounds — termination of rehabilitation proceedings, when, effect. — 1. Whenever the director believes further attempts to rehabilitate an insurer would substantially increase the risk of loss to creditors, policyholders or the public, or would be futile, the director may petition the court for […]
Section 375.1158 – Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding.
Effective – 28 Aug 1992 375.1158. Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding. — 1. Unless otherwise provided, the portions of sections 375.1150 to 375.1246 which substantively affect the rights of any person shall be only applicable prospectively. The provisions of sections 375.650 to 375.700, sections 375.740 and 375.750, and sections […]
Section 375.1160 – Administrative supervision by director, procedures, allowed when — proceedings confidential, exceptions — powers of administrative supervisor — penalties for violations — director may adopt rules — immunity from liability for director and employees.
Effective – 28 Aug 2007 375.1160. Administrative supervision by director, procedures, allowed when — proceedings confidential, exceptions — powers of administrative supervisor — penalties for violations — director may adopt rules — immunity from liability for director and employees. — 1. As used in this section: (1) “Exceeded its powers” means one or more of […]
Section 375.1161 – Violations, penalties.
Effective – 28 Aug 2007 375.1161. Violations, penalties. — 1. If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice or course of business constituting a violation of sections 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, […]